Still very much inside the range. Looks like no valid BO possible unless 5180 is crossed convincingly.
Supports: 5080 holds the key. But continuous hit for last few days can tamper the strength of the level. Below that 5047/42-5004/02 is very important support zone and a positional long build up place (partially @ 5040-5000 range). Further breakdown can cause Nifty to come down towards 4960/45.
Resistances: 5110 is initial hurdle above that it can again 5135/45 area, and very likely an intra short zone. A violation of 5180 can show up bigger prices as discussed number of time on earlier posts (5200/15-5265-5315/35.
Market is in consolidation mode. So have take trading call rather than a trending call. Trade the range unless it's breaking out.
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