Nifty seems to have a little resistance at 5060 (which is visible on weekly chart). Nifty is having difficulty crossing this level since last 3 days. We are seeing the same volume as three days ago but daily range is half than December 2 which is a bearish action. Looking at the effect of the Europe news, i would not add the long term positions.
Following are the key levels for the day traders. At this level one can watch for patterns for high probability trades. Immediate Key price level 5073,5156 and 4978.
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