There are possibilities that the Nifty50 will attempt a minor pullback.
Any pullback will be seen only after the Nifty moves past and closes above the 200-DMA.
The Nifty50 resisted to 200-DMA on a closing basis after breaching that level a day before.
The levels of 10,166 and 10,245 will act as immediate resistance for the market.
Tuesday will see the levels of 10,160 and 10,230 as a potential resistance area.
"We will see very strong supports coming in the 10,040-10,160 zones," writes Milan Vaishnav.
On the upside, the Nifty faces resistance at 10,300 and 10,390 levels.
The Relative Strength Index on the daily chart is 44.8813, and it continues to remain neutral.
On Thursday, the Nifty50 is unlikely to breach its pattern low of the 10,275-mark.
Wednesday will see levels of 10,460 and 10,515 playing out as resistance are for the market.
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