Nifty ended the week on a bearish note. However, if the nifty trades above the 4935 mark in the opening trades, a technical bounce back may see it go up to 5000 which if conclusively conquered may see another bout of short covering taking it to 5109 and beyond. However, on the downside if 4814 is breached conclusively then all short term longs may be exited. The support thereafter lies at 4756 and then at 4675.
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