Supports: 5045 and 5005/4990 is big time crucial zone for Nifty. In my opinion, those are places where positional longs are placed. Violation of which can very well be the end of this up move for short term. Below that 4925/15-4850 can come in no time. But Shorts should be cut at least once around these levels.
Resistances: We may have fallen very less, but there are hurdles to cross for newer highs. 5085/90-5115 is a shorting zone unless those are broken with 5135+ as s/l, which is another and I feel last resistances for Nifty to challenge the last high once again.
As usual volatile day expected. Scalp and scalp fast.
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