Nifty: Resistance 4826/4848/4884-90/4907
Support 4780-74/4760/4747/4716
As expected Nifty opened gap up & from higher resistance zone again corrected, & finally closed flat.For today again keep an eye on 4884-90 zone on upper side. We may open with 15-20 pts gain & may remain in a range for first half session & next half we may see some triggers on either side. Till 4747 is held on Intraday basis, dips can be utilized to buy. On the daily candelstick charts we are witnessing a pattern which resembles a shooting star which clearly indicates that market is rejecting higher prices. Avoid buying in higher resistance zone.
Sensex Resistance 16435 /16514
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