The weekly RSI stood at 51.3775 and it remained neutral showing no divergence from price.
Friday’s session will see the levels of 10,365 and 10,400 playing out as resistance area.
Given the large number of shorts, the market is likely to open in green on Thursday.
The levels of 10,275 and 10,330 will play out as immediate resistance area for the market.
The levels of 10,245 and 10,320 are likely resistance area for the market on Tuesday.
The 10,180 and 10,225 levels will act as immediate resistance for the 50-share pack.
Nifty50 is expected to see a positive start and move past its 200-day moving average.
Any downsides are likely to remain limited, but oscillations may remain volatile.
The levels of 200-DMA, which stands at 10,175, is likely to act as immediate resistance.
The levels of 10,075 and 10,110 will act as immediate resistance area for the market.
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