Support 4470-4480/4444/4422/4387
Nifty started week on a positive note with spectacular gains lead by IT pack.As wrote, Nifty above 4444, went upto 4517 ( our yesterday view was for 4520 ).
With positive global cues supported by better than expected results, now all Media Analysts are getting bullish. But we would still like to take cautious note. Its better to enter at little higher zone, but safe zone. So we would again advise to avoid herd buying. All longs SL should be kept @ 4286 (Spot, Closing Basis).
Expect flat opening & 4520-4552 as stiff resistance zone.
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