Nifty made a strong up move towards the end to reach a new year high and closed a shade below that.
Only on rare occasions, Nifty has made a new high on the expiry week and the general tendency is to confine within the range and give an up move and close near the already made high for the expiry.
This time around the majority of the move came after accumulation of the call, there is also a strong possibility to make new high moves before the expiry and even a test of 5295 levels is not ruled out.
Resistance levels : 5197, 5223, 5235
Support levels : 5161, 5145, 5128
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