The 10,865 and 10,900 levels will be the key resistance in any upmove of the Nifty50 index.
With the market ending near the day's high on Wednesday, the upmove is likely to extend.
There are no signs of any major downsides. Traders should refrain from major short positions.
The market is likely to face stiff overhead resistance around the 10,800-10,850 levels.
The 10,705 and 10,760 levels will play out as immediate resistance for the Nifty50.
The pattern analysis shows that the upmove in the Nifty remains securely in place.
The 10,665 and 10,710 levels are likely to be key resistance area for the Nifty50.
Thursday’s session may see positive opening and may witness stock-specific outperformance.
Wednesday will see levels of 10,655 & 10,710 working out as resistance area for the market.
Tuesday is likely to see a positive opening, and the market may extend its gains.
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