Markets did break the 50 DMA on the down side yesterday, but managed to close much higher, forming almost a dragonfly doji pattern.
It is however still confined between its 20 and 50 DMA levels (4522 and 4409).
A higher open and a break of 4507, 4537 will be bullish for Nifty and if 4537 is sustained, it can push it all the way to 4580 and 4630 levels.
There might also be a move to threaten weak bulls towards the end of session, if this market is back on its bull track.
Resistance levels : 4485, 4511, 4537, 4580
Support levels : 4444, 4415, 4396
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