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.
The daily MACD stays bullish even as it traded above its signal line.
The coming week will see the 10,650 and 10,690 levels act as immediate resistance for the index.
Going into trade on Friday, investors can expect a quiet to positive opening in the market.
Fresh long positions were seen building in Ashok Leyland, Bosch, Eicher Motors and Cummins.
The levels of 10,490-10,535 continue to remain critically important, which Nifty needs to breach.
The levels of 10,465-10,510 will play out as important resistance to watch out for on Tuesday.
The 10,550 and 10,610 levels will play out as immediate resistance for the Nifty50 on Monday.
The market witnessed lot of oscillation in a capped range.
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