Pivot: 4975
Our preference: short positions below 4975 with targets @ 4880 & 4850 in extension.
Alternative scenario: above 4975 look for further upside with 5040 & 5100 as targets.
Comment: the index currently faces a challenging resistance area at 4975.
Supports and resistances:
5100
5040
4975
4937 Last
4880
4850
4820
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