Nifty: Resistance 4550/4570/4612
Support 4520/4491/4473/4440
Nifty maintained its positive momentum with the start of this week, with alot of volatility in a given range. Going forward, Nifty has stiff resistance @ 4550-4570, breaching & sustaining above this for 2 sessions may lead towards 47XX zone.
Expect a flat/gap-up opening of 15-25 Pts on Nifty in line with Asian Market, with resistance @ 4550-4570.
General Motors filed for Chapter 11 bankruptcy protection on Monday. GM's bankruptcy filing is the fourth-largest in U.S. history and the largest for an industrial company.
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