Nifty: Resistance 4770/4817/4848/4888
Support 4747/4716/4692/4646
Saturday special trading showed some bounce in Nifty from oversold zone. Bounce back may continue upto 4888 zone, if lower support (4692) is not breached on closing basis. Nifty is expected to open slightly -ve with 15-20 Pts in line with Asian market. Lower level can be bought with 4692 sl. Above 4747, Nifty may hit 4770 intraday & above 4817 it may further rally upto 4848 & above.
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