It was a non-stop rally for the past five sessions and it seems like bulls are positioned very much strong for the expiry.
But then for the expiry, will it be the turn of bears to fight back ?
A move above 4718 and 4730 is bullish and can see a close of 4763 levels, if the level of 4718 and above is sustained throughout the morning session.
Overall both parties may not be comfortable holding on to their positions at this stage as a move towards 4765 can be equally justified with a move towards 4636.
For me it looks like bears will take control towards the end today and can push it to a 4636 expiry.
Resistance levels : 4693, 4718, 4735, 4765
Support levels : 4664, 4636, 4605
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