Nifty: Resistance 4656/4672/4694/4707/4718/4734
Support 4610/4594/4578/4555/4538/4500
Nifty had a good day,helped by +ve global cues & closed above 4620 level, with some good volume. Nifty above 4672 upto 4734, faces stiff resistance zone. So we would advice not to enter at those higher zone. On downside 4594 will offer immediate support to Nifty Intraday. Below those levels, we may see some more profit booking till 4555 & 4538 being crucial support area.
With -ve Asian Market, we may expect gap down opening with 25-35 Pts on Nifty.
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