Nifty: Resistance 5041/5050-5057/5064/5087/5115
Supports 4994/4980/4949/4932/4888
Nifty after a initial hammering lead by Telecom Stocks, showed some great recovery led by FMCG, METALS & BANKS, which took Nifty past 5000 & maintained that crucial level. We already updated 2 days ago that 4900 is a crucial level for further trend & it just managed to hold up. Intraday Nifty has a crucial resis @ 5050, Abv it, if sustained, Nifty can test 5087 & 5115 on past 5087.On downside, 4994 again has important role to play.
Expect +ve opening with 15-20 Pts gain on Nifty.
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