Nifty: Resistance 5011/5023/5050/5080/5115/5120
Support 4972/4949/4926/4915/4900/4884
Nifty, as expected didn't sustained higher levels & saw booking to close in Red zone. For intraday Nifty has crucial support @ 4972, blw it if sustained, nifty can test 4949/4915 zone. On upside, important resistance pegged @ 5050, abv it if sustained Nifty may touch 5080/5115 range.
Nifty is stuck in a broad range of 4900-5050, & its needed to be broken to take further move.
Expect +ve opening of 15-25 Pts on Nifty. Be cautious at higher zone.
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