Nifty: Resistance 4848-4856/4884/4916
Support 4816/4790-4774/4747/4708
Nifty remained in a 20-25 pts zig-zag way for maximum time of the day keeping Bulls & Bears in "Smoke & Mirrors". In short, above 4848 if sustained, momentum is up & below 4774-4747 momentum turns down for short term.
Expect +ve opening with 30-40 pts, inline with Asian mkt.
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