It almost looks like, today is the day when everyone is going to see the power of momentum, that I have been reiterating for a few days in this column right from 4580 levels.
Infact, the consolidation for the last two days, has added more fuel to the momentum.
At the time of writing, SGX Nifty is trading above 4865, the most crucial level which is also our first target.
Now the question is all the bears have been totally trapped and today's move is going to be a great surprise for the shorts, how far bulls can take this forward?
In any case, it is likely that we would see a close which is very near to the day's high today.
Resistance levels : 4845, 4865, 4890, 4930
Support levels : 4805, 4765, 4735
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