Nifty: Resistance 5022/5050/5075/5115/5151
Support 4994/4963/4949/4916
Nifty remained in narrow range & maintained bounce from support zone of 4994. Nifty seems to keep support & may show some immediate bounce from zone of 4949... if this level is kept intact on closing basis, we may see some bounce back to some recovery in coming days upto 5151-5222 zone. Intraday, sustaining abv 5022, Nifty may see 5050-5075. Below 4963 > 4949-4916 can be seen.
Nifty is expected to open flat/-ve in line with.
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