Nifty future immediate resistance is placed at 5017-5036.
Immediate support comes at 4903 and then at 4885-4860. Expect upside only above 5036 and a cross over and sustenance above 5070 we can expect higher side.
A big gap still remains open and market may try to close down this gap, any move close to 4860 can be used to play longs.
As I had mentioned in my earlier post, the time to invest for a longer period has not come yet. Please refer to the below Daily chart of Nifty.
In the days to come, this range is going to be very crucial to decide the further trend.
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