Nifty: Resistance 4550/4570/4612
Support 4520/4491/4473/4440
Nifty showed some big movement on both side & finally closed flat.As said 4570 is the resistance, which will be deciding further fate in coming days. If not crossed & sustained we may see some correction upto 4400 & below this level we may test 4200-4040 levels too. So keep a Sl for all shorts at 4570 on closing basis. 2 sessions closing above this level means that we may see 4700 levels too.
Expect a flat/+ve opening on Nifty.
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