Market actions for the past two days reflect some tireness at higher levels. Though we have yet to see a sign of reversal of trend.
For Nifty 50 and 20 DMA are very close and 4900 is the place where the dividing line is. As long as Nifty is trading above 4900 the trend is up.
Hexaware Technology seems to be breaking out of its resistance zone of 95. If its able to trade above 95 then we may see 110-118 levels with support at 85.
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