It was almost a repeat pattern yesterday where the markets opened stronger and sustained the up move throughout.
Given the scenario that the upperband is tested multiple times, there is a possibility of a very strong breakout on the upside and Nifty can even test 5385 levels in the very near term.
Yesterday's volumes were also the highest in a month pointing to a better possibility of an upside breakout.
Resistance levels : 5295, 5324, 5365
Support levels : 5270, 5248, 5225
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