Nifty: Resistance 4808-4816/4848/4876-4888
Support 4777/4756-4747/4716/4693
Nifty yesterday took support exactly @ 4777. Nifty lacked volumes, so rangebound movements are expected to remain. As written yesterday, above 4848 Nifty may see some good upswing & closing below 4777 can lead to some profit booking. Today again Nifty is expected to open Flat/+ve with no Concrete global cues.
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