If the Index opens flat to gap up as long as the index sustains below 49975 we will look for trend continuation trades. 49760-49783 zone can act as a resistance. We should be bullish if the index sustains above 50000 level or if the index is at 49085-49036 zone. 49295 can act as another support. if the index opens gap down we can still look for sell side trades but keep in mind to not expect big targets.
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