Based on weekly chart, there is strong support at 4560 and resistance at 5250.
Immediate support is at 4800 and immediate resistance is at 5150.
MACD is below the signal line, so bearish. Also, there is -ve divergence.
EM10 is above EMA20, EMA20 is above EMA50. Price is below EMA 10 and EMA 20.
In my view, NIFTY will trade in the range of 4780 and 5150.
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