We bounced from the support 4204 (low 4202), a converging place for 3 supports as drawn earlier.
A forward projection from hourly perspective pointing the supports towards 4285-4256-4203 again. 4285 very likely to be a pivotal place for Nifty. So for the coming session:
Supports: Holding 4285 will be bullish and will head higher to upper targets. Below 4285, 4256 another important place to watch. Breaking that it will head down to 4203 again.
Resistances: 4340/4345 is the primary barrier as of now. Above that 4390-4417/20 is possible. (Will use a filter around 4427 for confirmation of another breakout, my strategy).
Have a nice end of the weekend ... :D.. Cya tomorrow!
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