Yesterday markets stayed above the previous close throughout the day, but was unable to test and break the barrier of 5287 on the upside.
With 5234 as the key level, where bulls and bears both placed traps during the whole of last week, markets continue to sway with level.
It looks like the range boundedness could continue for another session or so before a strong move happens. The key levels remain the same.
Resistance levels : 5257, 5287
Support levels : 5220, 5206
Happy Trading
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