Nifty: Resistance 4994/5005-5015/5050/5075/5115
Support 4968/4949/4911/4888/4848
Nifty remained in broad defined range of 4968-5050 & as said 4968 proved to be good support & 5050 resistance. Also nifty above 5015 drifted towards 5050 (As wrote yesterday), both our levels remained untouched on closing basis.
For today, Nifty again has support @ 4968, below it , it may test 4949 levels & 4930 on lower side. Nifty is expected to hold on to 4911-4900 levels, which acts as strong support. So, trader may risk by buying Nifty at lower support zone with 4900 SL on longs.On upside 5015 again has vital role to play.
Expect -ve opening in line with global market.
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