Yesterday was a perfect doji day and almost resembles a grave-stone doji. This has given enough confidence to the bears that this rally is coming to an end and enough shorts were built which is indicated by Nifty going into discount.
It now looks like the market is all set to move much higher, to test 5200 levels also today. This will be mostly triggered by the short squeeze when Nifty moves past 5150.
Today is the day when the expected momentum is likely to start with heavy volumes pushing markets higher and also a possibly higher close for the year.
Resistance levels : 5147, 5182, 5210
Support levels : 5112, 5078, 5066
Happy Trading
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