The bull leg has started yesterday as anticipated and the short covering seems to have been happening as the discount has totally narrowed down.
There are possibilities of the bull move to continue today and Nifty could make an attempt to reach the levels of 4820, 4860 levels with 4950 as the strong resistance as mentioned yesterday.
The overall view still remains bearish and there could be a very strong correction breaking 4600 levels soon.
Resistance levels : 4820, 4865, 4885
Support levels : 4774, 4759, 4737
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