Nifty: Resistance 4804/4817-4828/4848/4870/4918
Support 4747/4715/4666/4618
Nifty saw one of the best see-saw trading day with huge volatility seen on both side.With disinvestment plans in Cabinet Committee on Economic Affairs seen, market rebounded sharply giving hardly any time to Bears to think.Expect this bounce back to continue till 4850-4950 Zone, before again fresh selling takes place. Intraday, Nifty has immediate critical resistance @ 4848 & support @ 4747. Expect some stock specific action in Mid-Cap PSU stocks.
Fundamental Picks: Jyoti Structures.
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