This week index gain (2.2) % with higher volume compared to last week. Index bounces back from the support zone in weekly chart. We have observed another interesting event. In daily chart, index bounces from 38.2 fibo support zone after the long decline from fibo 127%. If the momentum holds and continue we may see up ward rally up to 4900. If fails we may see index again in 4300 level. Index strong support levels are 4300 to 4330 and resistance zone is 4700 to 4750 .Let’s hope for the best.
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