The 10,660 and 10,695 levels may act as immediate resistance levels for the index.
As we step into the coming week, we will also face expiry of the current derivative series.
Friday is likely to see levels of 10,538 and 10,595 acting as immediate resistance area.
Pattern analysis confirmed the breach of the 100-DMA levels on the daily charts.
The RSI on the daily chart stood at 41.8687 and it has marked fresh 14-period low which is bearish.
The levels of 10,630 and 10,665 will act as resistance for Nifty50 index on Monday.
The levels of 10,745 and 10,785 will offer resistance to the Nifty50 index.
Thursday will see the levels of 10,745 and 10,785 acting as immediate resistance for market.
The levels of 10,835 and 10,890 will act as immediate resistance area for the market.
Remain light and moderate on positions and adopt highly stock-specific approach on Tuesday.
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