Nifty: Resistance 4843/4869-4884/4919
Support 4770/4757-4747/4716/4690
Nifty though has given breakout with reference to previous posts, but it shows facing stiff resistance at higher zone. So still, our cautious stand is valid on Nifty at higher zone. May be some correction in coming days may be seen, before fresh upmove. Till 4580 is held, Nifty is in no problem & it has ample cushion to bear the correction. 4747 is to be watched on closing basis for further downside movement expectations.
Expect flat opening in line with Asian market.
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