Nifty: Resistance 4646/4660/4707-4716/4747/4770
Support 4594/4578/4565-4555/4520/4488
Nifty after opening gap-down, as expected, spent maximum time in just a 30 Pts range.F&O data doesn't show any clear view, as now both bulls & bears feel "Up the creek without a paddle", waiting for either side break. Intraday traders on short side, should keep Sl @ 4660 for there positions, which if sustained can show recovery back upto 4700 range. On the other hand, traders on Long Side, keep Sl @ 4578 & can utilise dips to tht zone as buying opportunity.
Expect a flat opening in line with Asian Mkt.
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