Nifty : Resistance 5005-5015/5038/5050-5055/5065/5098
Supports at 4994/4968/4949/4931/4911
Nifty made mixed signals on Charts. Though channel support has been broken, but some support formation is seen at lower levels. On upside immediate resistance @ 5005-5015 zone. Above it if sustained, Nifty may drift towards next major resistance 5055.On lower side, Nifty has immediate Support @ 4994. Break of 4968 & sustaining below it may take Nifty towards 4949. May be, if nifty goes further lows, we may expect 4911 zone.
Expect flat/+ve opening in Nifty in line with Asian market.
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