Markets are soft all over..4800 zone is the S/R of this week with 4600-5000 as the app. range for the coming week..
As can be seen from the above chart , we are in a upward sloping channel over the last few days/ weeks making higher highs/lows..The above channel chart shows a tentetive target of 4950 above which we can rush to 5300, Break & close below the of the lower channel ie app. 4650 for a few days will end this upward move..Enjoy the day and trade accordingly..cheers.
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