Nifty: Resistance 4980-4994/5007/5022/5050/5087/5110
Support 4914/4880/4848/4817
Nifty has taken considerable booking from its higher range on friday & saw closing at day's lower range. Nifty has immediate crucial support @ 4900, closing below, all are advised to be hedged.Intraday expect selling near resistance zone of 4994-5007 on Nifty.
If there is some positive outcome on Ambani brothers feud (As per News Channels), we may see some R-Pack movement keeping Nifty momentum on upside.
Expect flat / -ve opening of 5-15 Pts in line with Asian market.
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