Nifty: Resistance 4912/4949/4966/4978/4994/5010
Support 4884/4848/4816/4832/4768
Nifty rallying & ignoring all negative factors. Above 4900 we can expect profit booking anytime as per Options data. Maximum target in this upside can be seen @ 4994-5050 range. Nifty immediate intraday resistance @ 4949 & support @ 4884-4848. Expect positive opening in line with Asian Mkt.
We would advice to start booking gains in longs in this uptrend.
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