Nifty: Resistance 4808-4817/4848/4888/4911
Support 4777-4770/4747-4730/4718/4680/4667
Nifty traded in a range whole day on fridays session to close near 4800. Nifty struggled above 4800, so if it sustaines blw this level further, we may expect some fresh selling. Nifty has 3 major lower supports viz 4647/4555/4335.... formation of lower bottom is needed to confirm further downside in coming days. For intraday, expect a flat/+ve opening & with some early rangebound movements & immediate resistance @ 4817/4848 & supports @4770-4747 range. Break & sustain of either zone will take Nifty to further movements.
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