Nifty: Resistance 5007-5016/5045-50/5080
Support 4957-4949/4918/4883/4860
The market remain volatile on expiry day following global cues, which led to heavy selling with the highest turnover ever seen in Nifty. Nifty again couldn't hold on to higher resistance area & after news of Dubai falling into Debt Trap started to hit the news, we too witnessed the panic fall. Nifty has 2 crucial area to watch on downside : 4918 & 4883. If held, can see some bounce like previous occasions. Overall sentiments are negative, avoid bottom fishing.
Expect -ve opening with 50-60 Pts on Nifty in line with Asian Mkt.
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