WISH YOU A VERY HAPPY DASSERA TO ALL!!
Supports: As per the shown Triangle on the above pic, 4950 is the crucial point to hold below that 4930 can well be under threat while breaking that this fall can extend upto 4865-4825/35-4778.
As discussed, 5035 zone proved to be a resistance zone, and we really saw some profit booking around that level, and 4915 zone again proved to be a most important support level. After a correction of smaller amplitude Nifty is nicely poised, to take the decisive extended move in the either direction,
It's clearly range bound in between 23.6 & 78.6 RT as shown on the figure above.
Resistances: 4986 will be pivotal zone, above that 5008/10 zone can be taken out for the further targets 5026/35-5083-5112.
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