Nifty: Resistance 5037/5050/5061/5077/5110
Support 4990/4972/4949/4932/4920/4900
Nifty again didnt sustained higher resistance zone of 5050 & cracked from that levels. Nifty has got immediate support @ 4972 now & resistance pegged @ 5050. With Infosys results, we have to see how market reacts to it.For today again eyes on same levels as yesterday, 5050 on upside & 4980-4972 on downside for further movement.
Expect a flat / +ve opening with 15-20 Pts gain in Nifty with some stock specific movements expected in Infosys, RIL.
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