Yesterday the markets opened well above the crucial resistance of 4537 and then there was almost no looking back and closed near day high.
The pattern suggests extremely bullish and if this market crosses 4630 levels and can sustain, then a move to 4694 is on the cards.
4575 should act as a very strong support followed by 4544. In any case for the bull move to make new year highs, there may not be retracement below 4537.
Any move below 4507 at this stage would bring back the bearish tone.
Resistance levels : 4630, 4672, 4694
Support levels : 4575, 4544, 4507
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