Nifty:breakout is anticipated on upside 4930 and Resistance 4805

Dull day After an extremely dull session, finally Nifty ended the day on a flat note with a gain of just one point. The charts say that the triangular consolidation of Nifty is yet to see a breakout on either side. However as the triangle is part of an inverse H & S, breakout is anticipated on upside. 4930 and 4805 are the respective resistance and support levels for the coming session.

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