It was end of another derivative series yesterday and bulls totally dominated the whole series including the expiry and pattern-wise took it to the close mentioned previously.
Now that a new series has begun and bulls are in upperhand, will there be a momentum run breaking the year high. As of now it looks like another leg of consolidation is getting over and market has the potential to reach 5366 levels also in the short term. 5163 level should act as a strong support going forward.
Resistance levels : 5275, 5311, 5338
Support levels : 5245, 5224, 5203
Happy Trading
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