After world market meltdown and soaring oil prices we might expect some dip in our market too. Too many resistance for upmove today important levels is 4490 is Nifty holds this level than we can expect short covering from here.
Oil can hit 145/147
Gold levels are 937 for upmove and 847 for down move.
I suggest to cover all your shorts and puts at 4500 level and lets wait for the next move by Nifty. Nifty should consolidate at this level from now on.
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