Market is in range bound mood with 5000 level as the pivot and this is continuing with heightened intraday volatility.
It looks like slowly a bullish undercurrent is building, though it is too early to bank on that. The nearest out of the money calls have all decreased open interest and for puts there is an increase.
There could be a test of 4960 levels from which this market could bounce back to new highs in near term.
Resistance levels : 5021, 5039, 5069
Support levels : 4978, 4961
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