Nifty gave a good bounce after testing the key support level of 4825 yesterday.
There might be an attempt to test the upper level of 4950 and even beyond during intraday today, but then bears might take control towards the end.
To reiterate, a strong move and a close above 5050 will only signify that bulls are back in track.
As of now, it might consolidate for a while around the levels of 4885, with 4807 and 4950 being the range.
Resistance levels : 4932, 4953, 4969
Support levels : 4889, 4862, 4825
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