Nifty: Resistance 4484-4495/4520/4545-4555/4590 Support 4436-4445/4409/4381/4340-4333/4300
Nifty took support at lower levels yesterday & showed sharp recovery in later trading session after better than expected IIP Data. For today with strong global cues, we may expect +ve opening with 30-40 Pts gain on Nifty.
Avoid buying near 4545-4555 zone, it will offer good resistance to Nifty in its upmove Intraday . Where as on downside 4445 will act strong support. So decide trades according to levels.
RIL closing/sustaining above 2020 will turn strong for coming days.
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