Contrary to the view of bears pushing the markets to lower levels for expiry, the day was totally dominated by bulls and saw the close a shade above 5000 levels.
It is the beginning of a new series and looks like a bounce back till the level of 20 DMA levels, currently on extrapolation at 5050 levels, is on the cards and market is likely to move in a range around 5050 for sometime before the next major move.
Resistance levels : 5020, 5050
Support levels : 4991, 4960
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