Nifty: Resistance 4888/4916/4949/4994
Support 4848/4817/4770/4747/
Nifty showed bounced from support area & ignored CRR hike by RBI & bounced back to close in green. Nifty above 4888 may show some short covering & above 4916 some more bounce till 4949-4994 zone can be there. Below 4848 Nifty may see some booking till 4817-4770 zone. Nifty @ 4770 founds some good support for immediate bounce. Nifty if held this zone (Closing Basis) , then bounce till 5050-5115 odd levels can be seen. Traders may utilize these dips till 16000-15400 on sensex to buy stocks for good momentum bounce.
Expect -ve opening in line with Asian Market.
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