Nifty will avert any weakness if it manages to crawl back above the 10,300-mark.
On the upper side, the levels of 10,410 and 10,465 will play out as resistance area.
Going into Monday’s trade, it is very much likely that we may see a negative start.
Pattern analysis shows the Nifty50 is currently resting at its 20-period moving average.
The supports for Nifty50 index to come in at 10,450 and 10,435 zones.
The levels of 10,630 and 10,665 will play out as immediate resistance area for the market.
The RSI on the daily chart is 50.2279 and it has marked a fresh 14-period high, which is bullish.
Market’s behaviour vis-à-vis the 10,500 mark will be important.
Indian markets may get a positive start and it is likely to continue with the upmove.
Thursday’s session is likely to see a quiet but positive start to the trade.
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