4820 was given as the final breakdown level for the last session. 4822 was the place from where buying emerged and nifty continued move up right from there till the end. Though 4935 zone is not crossed, but demand at the support zone (first from 4760, then 4820) is indicating towards a very immediate term uptrend.
Supports: 4885 is critical for the day. Below that 4870-4845 is again possible. Further breakdown can bring 4820-4785. Below 4785 current up move is very likely to get negated.
Resistances: As the intra impulse is on, the target/resistances are relatively higher than the support levels. 4925/35 is very important. Above that another strong breakout is possible for 4975/80-5015/20 zone.
Resistances: As the intra impulse is on, the target/resistances are relatively higher than the support levels. 4925/35 is very important. Above that another strong breakout is possible for 4975/80-5015/20 zone.
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