4980 and 4883 are two line of defense for bulls. Buying at Lower level is suggested.
Towards upside bulls can target 5100-5140-5220 levels and towards downside 4980-4900 -4840
would be support.Momentum to remain bullish once 4900 is protected.
Trend/Momentum :Daily and Weekly Chart have reached overbought Territory.
Pattern : Impulsive 5 wave pattern . Wave-3 of 3 is in progress.
Position: Price cluster exit at 5100 and 5220.
Action : Profit booking and Holding minimum long position.
Potential Trade setup: Sell can be done near 5100 level with stoploss 5120 Target 5000.
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