Nifty: Resistance 4994/5005/5030/5050/5085
Support 4958-4949/4932/4900/4884/4848
Nifty after gap down opening closed near day high point. Nifty important support @ 4932, if held for initial hours of the day would be +ve for the trading on long side. At this moment we would also advice all to trade strict with SL in there all trades. On upside critical resistance pegged @ 5050. On the daily charts, we are witnessing a ‘Doji’ formation which suggests indecisiveness prevailing at current levels. Nifty may open flat/-ve inline with Asian Mkt,
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