Supports: 4975/70 is immediate support for nifty, below which it can be little weak for 4940 again. A break below 4915 can bring 4860/55, which holds the key for this up move.
Resistances: 5020 is the hurdle for the very first session, and as repeating time and again, 5055/61 will be some how very crucial to test the bulls. Fresh positional bullish trade can be taken after a convincing break out above that for 5095-5105 and 5160/70 zone again.
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