The last half an hour move last friday suggests that there is more upside to be seen and it is likely to test the year high of 4693 and also close above that.
The new uptrend if it begins now has the potential to test 4767 levels also before taking a pause.
Having said this, any move below 4585, would nullify the effect of the last half an hour bear trap and a move below 4570 would subsequently bring in weakness.
Resistance levels : 4659, 4680, 4705
Support levels : 4605, 4585, 4537
Happy Trading
www.tripleint.com
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