Markets were totally under bear grip yesterday and the key support levels have been broken and also the close is well below the 20 DMA with an increase in volume.
Indicators are pointing to a short term weakness and markets might close for the day near the lower band at 5018, even if it tests further lows.
Resistance levels : 5115, 5150, 5167
Support levels : 5050, 5018, 4985
Happy Trading
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