4959 is breached at last, and nifty looks weak from shorter term perspective, last pivot low on hourly is @ 4964 made on 7th hence will the main zone for tomorrow for intra-day shorter or upside BO level (4959/64).
And as I showed on my last post, a violation on 4906/12 can bring correction deep down to 4805/02.
This is going to be a very important and interesting day as Nifty on the verge of and impending short term trend, whether will it be a continuation of up move or and trend reversal will be answered by market itself.
But it looks weak unless it sustains above 4959/64 convincingly.
Supports: Main supports lies @ 4906/12. Below that it can drag down further towards 4855-4502/05 as discussed earlier.
Supports: Main supports lies @ 4906/12. Below that it can drag down further towards 4855-4502/05 as discussed earlier.
Resistance: 4959/64 is absolutely crucial and holds the key for intra bullishness. Above that 5002/06-5035 again possible. A cross above 5055 can bring newer highs, but tone looks down beat as long it hovers below 4964.
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