The beginning of october series though bearish, it was written that there is a bullish undercurrent which can act at any point in time...
It looks like markets is poised to open higher and also test the levels of 4922. A move much beyond 4950 is not expected immediately and a consolidation can happen around that level before Nifty can move up again towards 5200 levels for the series.
The expectation is that 4700 levels may not be broken as of now for this series...
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