Nifty: Resistance 4978/4994/5007-5015/5050/5111
Support 4932/4914/4893-4884
Nifty saw a see-saw movement on last trading day of the week. After making a low of 4801, a sharp bounce back to 4950 levels was seen. Technically, a bounce back to 5050 levels can be seen, before any crack (if any) sets in. Intraday, Nifty is expected to open gap up with 30-40 pts & face immediate resistance zone @ 4994-5015. If 5015 is sustained 5050 will be next tgt range on upside for Nifty. On downside, Nifty has good support @ 4884, which it maintained on closing basis.
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For Plan Details: http://docs.google.com/Doc?id=dm59nfc_0fxfm6qcr
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