Nifty: Resistance 4666/4700/4737-4747/4758/4774
Supports 4580-4570/4546/4520/4480
Sensex: Resistance 15800/16150
Nifty again faced resistance from higher zone & saw some booking from there,but still managed to hold 4620 zone on closing basis. Still wait for confirmed breakout of this zone to initiate fresh buying.
All shorts should be kept with care with SL @ 4700.With Asian market trading quiet, expect a flat/+ve opening with immediate resistance pegged @ 4666.
SENSEX has resistance @ 15800-16150, above it, it will show breakout pattern, but we may need to wait for Nifty to show confirmed breakout too.
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