For any serious upmove to occur, the market will have to take out the levels of 10,490.
The market on Thursday may see a quiet opening, and may also show some buoyant intent.
The levels of 10,490 and 10,535 will play out as resistance levels for Wednesday.
Caution is advised as the market may see resistance once it approaches higher levels.
The 10,390 and 10,435 levels will act as immediate resistance for the Nifty50 index.
Markets may see a positive but volatile start to the week on Monday.
The levels of 10,310 and 10,360 will act as immediate resistance area for the market.
Important for Nifty50 to not significantly breach the 10,180-10,200 support levels.
Wednesday’s session will see 10,265 and 10,300 playing out as immediate resistance levels.
Long positions were seen building in Bharti Airtel, Tata Power, Tata Global, ITC and DLF.
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