Nifty: Resistance 4916/4949/4994/5007/5050
Support 4888/4848/4817/4770
Nifty rebounded from lower support zone.As advised, I hope readers may have utilized the dips to buy stocks. One may wait till 5050-5115 range on Nifty to book them with good gains. Intraday Nifty may test 4949 range at opening with the help of +ve global cues. Sustaining above this , nifty may show more strength.
Auto Stocks looks +ve.
Bharti Shipyard looks +ve.
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