There is a perfect three day reversal pattern on the charts and it looks like there will be a retest of 4956 levels soon and that will act as a strong support in the intermediate term.
It looks like with 5000 as the pivot, Nifty will be moving around for quite sometime and can consolidate for a longer period also in this month.
As of now, it is a buy when Nifty tests 4956 and possibly a sell at 5046 levels if 4956 level is not tested.
Resistance levels : 5020, 5046, 5069
Support levels : 4982, 4956
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