Nifty: Resistance 4993-4999/5005/5036/5050
Support 4949/4924/4906/4890-4880/4848/4777-4770
Nifty touched the milestone of 5000, but as cautioned yesterday "Caveat Emptor", Nifty is now facing resistance at higher zone. Nifty has ample cushion for a small correction. A healthy correction can be seen only blw 4777-4770 (closing basis).
Expect flat/-ve opening in line with Asian Market.
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September 18, 2009
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