Nifty Closing Update: Broke the 9840 range and moved till 9876 before closing the day at 9859.9

Nifty Closing Update: As told during our Last Hour Update, Nifty broke the 9840 range and moved till 9876 before closing the day at 9859.9. Bank Nifty gave up some of its gains to settle at 20534.5. While even this is considered as a strong closing, we need to see through a long weekend comprising of May Day Holiday tomorrow.

Top Gainers are TataMotors 19.9%, UPL 14.5% ONGC 13.6% & VEDL 12.4% while top losers are SunPharma 2.5%, HUL 1.25% & Cipla 1.07%. 

We expect Nifty to trade between 9660-9960 on Monday and a break of these ranges can see another 70-100 point move. Is Nifty going to surpass the 10000 mark is to be seen on Monday.