Nifty on a slow but steady walk to resistance pit of 5200

"Days ahead of the big Euro summit on Friday, the market has had a good run today," said Udayan Mukherjee, Managing Editor of CNBC-TV18. As the global market appears fairly strong into the event, Mukherjee said both the European markets and the Nifty that is hovering just below that 5100 mark have positive expectations from the summit. "There are no signs of great profit taking or breach of the momentum that we discovered last week," he further said.

He held that the market is approaching the events of this weekend with lot of anticipation. "So far the expectation from the outcome of the summit is  positive and that momentum is carrying Nifty slowly but surely towards that resistance pit of 5,150-5,200 levels," he said. On the winners list today, Mukherjee said sectors like IT and metals have done particularly well. "Heavyweights like SBI and Reliance are doing quite well. However, the only wrinkle today has been the telecom sector, stocks Bharti and Idea didn