Nifty: Resistance 4848/4888/4916/4949
Support 4816-4808/4793/4777/4747
Nifty had a range bound session on Thursday. Nifty made bullish pattern but with low volumes, so a move above 4848 will be a boost for bulls. Till 4793 is holding on intraday, one may utilize dips to enter longs. Expect a flat opening in nifty, with no concrete direction from Asian Market. We are only witnessing pullback & not a bull run... so avoid leverage positions till proper breakout.
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