Bears have totally dominated this series in the last few sessions. In yesterday's intraday pattern, there has also been a strong bull trap at 4903 level.
It is unlikely that Nifty moves above 4903 levels in today's trade and even it it breaks that level, the strong ceiling is around 4932.
Markets will be controlled by bears towards the end of the day for this expiry and a close of 4826 is expected for the January series.
Resistance levels : 4856, 4903, 4932
Support levels : 4850, 4826, 4807
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