Nifty: Resistance 5041/5050/5064/5087/5115
Support 4994/4977/4949/4939
Nifty, showed some correction after a long weekend. Nifty made low of 4995 & we wrote abt 4994 level to be watched below 5050.Now all technical indicators are showing -ve movement ahead, if 5115 is not breached. If Nifty moves up to 5080 levels, positional traders may try to short with 5115 SL.
For Intraday Nifty has stiff resis @ 5050 & crucial suppport pegged @ 4994/4977.
Expect flat/+ve oprning in line with Asian market.
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