Bears completely took control of the markets after the powerful bull trap at 5250 levels the day before and also pushed Nifty beyond the crucial support level of 5181.
Today it has already tested the last support of 5050 levels and it is expected that Nifty will give a strong bounce from this level going forward in the short term.
Resistance levels : 5181, 5204
Support levels : 5102, 5050
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