Nifty: Resistance 4888/4916/4949/4999
Support 4857/4848/4817/4800/4777
Nifty as said 2 days ago to be cautious, as it enters stiff resistance zone of 4916-4949. Option data suggest resistance @ 4900 (closing basis). Nifty immediate strong support @ 4848... if breached & sustained can see more fall upto 4817 & lower support levels. Expect -ve opening with 25-35 Pts in line with Asian Market.
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