From the low of 10,333 on Tuesday, Nifty has recovered over 500 points so far.
Friday is likely to see the levels of 10,838 and 10,910 acting as resistance levels.
The levels of 10,752 and 10,830 will act as immediate resistance area for the markets.
The levels of 10,590 & 10,675 are likely to act as immediate resistance on Wednesday.
The levels of 10,550 and 10,610 are expected to resist any upmove on Tuesday.
Nifty has halted at its short-term 20-DMA. Guard profits vigilantly at higher levels.
The trade set-up for the coming week almost looks like a double-edged sword.
Friday is expected to see the levels of 10,655 and 10,720 acting as immediate resistance.
The levels of 10,840 and 10,865 will act as resistance levels for Nifty on Thursday.
Nifty has spent the first two days of the week retracing from the 100-DMAs amid consolidation.
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