Markets had the highest close yesterday in a month and the intraday pattern suggests extreme bullishness and signs of momentum kicking in.
It is likely to test the year high of 5182 levels in a couple of sessions, with a high possibility of reaching the target today itself.
There has also been powerful base built on the journey up and 5060 should offer a strong support going forward for a few more sessions.
Resistance levels : 5142, 5159, 5182
Support levels : 5107, 5081, 5063
Happy Trading
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