The Nifty made an Ominous Doji with a long upper shadow on daily charts.Volumes were very average and breadth slightly positive.This shows confusion once again with bears faltering at lows helping to keep at Friday's close, and bulls unable to continue follow-up buying.
Daily oscillators , stochastics is moving up from oversold zone , and Rsi 14 is moving up after positive divergence.
Bears have an upper hand till the down trending channel is broken out decisively.
Resistance at 5000-5080.
Supports at 4900-4845.
Happy Trading !!