Nifty: Resistance 4888/4916-4922/4949/4963/4994
Support 4848/4817/4793/4770/4747
Nifty corrected exactly from our given resistance of 4916 area (high 4917) & faced selling pressure at those levels. Nifty below 4848 will face selling pressure, which may lead fall upto 4817.With Budget on this weekend, Nifty may remain indecisive. Nifty needs to cross & sustain 4916-4922 zone for further upside swing towards 5000+ zone. Expect Nifty to open gap down with 20-30 pts in line with ASIAN market.
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