Nifty resisted at the 4755-70 cluster resistances.

Observe(in Hour chart) the "rally from 4639 to 5099" which lasted 9 days, you get some clues of existing similarities in them. That rally was correcting a larger decline from 5400 whereas the current one is correcting a smaller fall from 5099 to 4531.

If the minor correction that started from today is contained above DLEma(4645) or Week pivot(4670), an attempt towards 4800 is possible. Accordingly this rally should also terminate within 7 trading days from the 4531 lows. This is a near term bullish but medium term bearish view.

Similarly, there are other possibilities too exist which may be brought to the front if prices compel.

Going into the last week of the month, "4732"-MLEma would be keenly watched.

1. JustNifty TA(26th Dec)

2. BankNifty TA(26th Dec)