Markets near strong resistance , Call for Friday June 5

Markets went down today in the start and then bouced back . A small positive divergence was visible on MACD and RSI . It was worth taking a long shot because the prices were near the low of 2 days and hence a bounce back was expected .


Markets rallied then and didnt stop .. It closed near days high and at very important and strong resistance levels of 4570 levels . I am personally not very bullish , but i will change my mind if markets show me that i am wrong .

Better to make long positions only if markets move above 4600 and buy on a small 20-25 points dip on intra-day level . Go short if markets start moving down from here with tight stop losses .