Mentioned - "Markets up till 4920 & 4970(80) not breached ! But needs to close above 5163.
Support 5150, 5115, 5100, 5050(60), 5000, 4970(80), 4950, 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance 5168, 5180, 5200, 5245(50)."
Conclusion : Markets could not cross 5163 - made a high of 5160 & lost upside momentum & tests the important Support of 4920-4980 ( as indicated " Nearing Strong Support Zone of 4920 – 4980") to close @ 4946.55. The importance of indicated point 5163 amply proven.
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