Nifty: Resistance 4848/4888/4916/4949
Support 4817-4808/4770/4747
Nifty didn't sustained resistance zone 4949 & gradually saw profit booking which led to close below crucial support levels of 4848.Today, if indices trade convincingly below 4814 levels then it is likely to test 4770 levels. On the upside 4916 – 4949 may act as a resistance for the day. Nifty is expected to open +ve with 15-25 Pts gain around 4848 zone & above it 4888 may be seen.
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