Nifty: Resistance 4980-4994/5015/5051
Support 4949/4916/4890-4880/4855-4848/4817
Nifty remained in -ve zone for most part of the day & even ignored better than expected IIP data. If Nifty opens flat to -ve & holds 4880 on lower side, then we may expect to see some bounce back. If by chance, Nifty opens gap up, selling may be seen from higher levels. Immediate crucial resistance on upside 4994 & support on downside 4949/4880.Risky takers may utilise dips to buy with Sl 4880.
Expect flat to -ve opening with 10-15 Pts on Nifty.
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