The markets swayed wildly on friday and finally settled at 4845 a key level and also just below the 20 DMA.
Also the swift move happened towards the end from the key support level of 4805 towards the day high.
As given in the weekly writeup, markets can see a rally and another attempt to scale 4930 levels. Going forward there will be heightened volatility and swift intraday moves and as of now a strong move on any one side could be nullified by an equally strong move on the other side in the next session.
Resistance levels : 4887, 4914, 4930
Support levels : 4823, 4805, 4785
Happy Trading
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