Nifty: Resistance 4499/4507/4518/4555-4565/4600
Support 4445/4398-4380/4333/4322/4282
As expected & written yesterday Nifty bounced from lows. Nifty traded in a range of 20 Pts for maximum period in mid-session.
After weak global cues, expect a gap down opening of 25-35 Pts on Nifty. If we open near 4420-4400 range then we may expect some bounce in early trade upto 4445-4477 zone.
Sustaining below 4380, may lead Nifty to more weakness for downside area of 4333-4322.
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