Yesterday markets after opening low tested the final support of 5542 levels and gave a very strong bounce of more than 100 pts to test 5654 levels before closing exactly at 5600 levels.
Overall markets might still remain range bound for this series and there are no indications of a strong breakout move either side. The PCR is neutral at 1.03.
Since range high has been tested, there is a good chance of markets to retest 5500 levels also in the short term before another bounce.
Resistance levels : 5607, 5623, 5654
Support levels : 5583, 5563, 5542
-Happy Trading
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