Nifty: Resistance 4716/4738-4747/4754/4774/4817
Support 4666/4644/4594/4578/4555
Nifty showed smart recovery from lower levels as expected & crossed resistance zone of 4664 & closed above it. With the sharp recovery, indicators started favoring Bulls. We have highlighted couple of levels on upside to be seen as critical resistance. Nifty needs to cross & close above 4747-4774 for range to confirm bullishness. If Nifty opens near highlighted resistance, one may try shorts for small dip/gains.Immediate important support @ 4666.
Expect +ve opening in line with Asian Market.
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