Nifty: Resistance 4848/4887/4916/4949
Support 4816/4770/4747/4716/4650-4665/4615
Sensex Support 15617-15500
Nifty closed below important support of 4848. Now if 4770 breaks (which is expected to be broken in todays opening) can lead Nifty to 4716... if this too is broken & sustained, Nifty finds last major support @ 4650-4665 zone (personally expecting to be held). Due to extreme weak global cues, Nifty is expected to open deep down with 70-90 Pts in line with Asian Market.
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