Markets went down straight to test the crucial support of 4580 levels yesterday.
The fact that the expected short squeeze could not happen as Nifty didnt move up beyong 4718 level aggravated the fall and now reinforces the view that this move will allow Nifty to test further highs next week.
4543 level should act as a strong support and Nifty might also momentarily test 4506 levels, but not further.
Resistance levels : 4580, 4630, 4664
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