Nifty: Resistance 4908/4949-4957/4966/4984/5005/5025/5052
Supports 4893/4858-4848-4838/4818
As we wrote yesterday, Nifty above 4984 almost touched our levels of 5025 & crashed from those levels. With weak global cues, Nifty is expected to open gap down with 40-50 pts. Immediate support on downside @ 4858. Traders may again utilize this dip near 4858-38 zone to take longs. On upside, Nifty will face resistance @ 4908... above it if sustained, Nifty may rally further to 4949-57 zone.
More Updates To Paid Members.
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Last week we recommended to buy/accumulate & hold RIL & RelInfra. I hope all enjoyed there rally.
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