Nifty made a low of 4754 high of 4851 and closed at 4832 which is 26 points high from previous close.
Nifty made a volatile move and got resisted near by 4860 and corrected to 4800 again it rebounded to close at 4832.
As FED has lowered the interest rate by 50BPS for swaps today Nifty is expected to give gap up opening where it will cross the first resistance of 4860 and it will be near by 4920 further it can reach 4990 and 5020.
Those who have long positions can square off half of their holding and can move the stops upwards don't take any fresh longs.
accurate sir
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