Nifty: Resistance 4982-4994/5007/5030/5050/5082
Support 4949/4918/4880/4848
Nifty traded in just 20-25 Pts range whole day, giving hardly any chance to traders to trade. With positive global cues, Nifty may open gap-up with 25-35 Pts gain. Immediate stiff resistance @ 4994-5007. If not sustained, Nifty may again see some booking from these higher zone. A technical bounce back can be seen, as indicatorsa are in oversold zone, but that bounce back shouldn't be considered as buying opportunity.
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