Eagle Eye Analysis : Nifty finally close @ 4891.45 i.e.between the major support levels of 4900-4880

Eagle Eye Analysis : Nifty finally close @ 4891.45 i.e.between the major support levels of 4900-4880.
For the week Nifty finally close @ 4891.45 i.e.between the major support levels of 4900-4880 formed by Positive candlestick pattern Hammer. The previous sloping resistance trend line subsequently turning to support. As well as on other side rising trend line (in green) is acts as support, which indicates a potential short-term reaction up where the interim resistance is seen around 4960 follow by 5092. On lower side support is expected around 4730 levels.To confirm the reversal of the current trend one can watch the nifty follow up by closing above 4960 for this week.

Note :Trade with a stop loss only.