Market Update - 11.01 AM

TODAY NIFTY 5030 WILL ACT AS LAST SUPPORT & 5080 AS HURDLE. BREAKING THIS RANGE WILL SET FURTHER MOMENTUM FOR BULLS OR BEARS. SHORT SEEN IN 5000 CALL & SHORT COVERING SEEN IN 5000 PUTS. HENCE NIFTY 5000 IS VERY CRUCIAL FOR TODAY. AVOID FRESH BUYINGS AND WAIT TILL EUROPE OPENING.