Nifty: Resistance 4604/4621/4646/4664/4680
Support 4576/4566/4555/4522/4488
Nifty again had some hard time with both Bulls & Bears. Nifty first traded in narrow 20-30 Pt range of 4610-4640 for max time of the day & finally faced the heat in last hour. Nifty spot closing marginally at crucial levels of 4594 (LTP 4593.55).
Over all trend is down, but a bounce from low level cannot be ruled out. As we already said on 2nd that short term Top seems to be made & indicators are now confirming it too.Use rise to exit your leverage positions.
Expect a flat opening.
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