If faced resistance at 4975 and turned down decisively then may retest upto4720. Holding 4888 5DEma is important for further up move. Today's close above 4925 is important for the up move as yesterday's candlestick pattern "morning star" formation needs a follow up move to confirm.
Move beyond 5050 will confirm the up trend, which may last for another few months.
Nifty:
OI:
Move beyond 5050 will confirm the up trend, which may last for another few months.
Nifty:
OI:
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