Nifty: Resistance 5035-5050/5084/5100/5115
Support 5025/5005/4994-4982/4963/4949/4936
As written & expected nifty held 4994-4982 support range & bounced back from this zone. Today, Nifty may open flat/+ve in line with Asian Market. Immediate resistance @ 5035-5050 levels. Again crucial support @ 4994-4982. Break of either range may lead to some more one sided movement. Traders may use dips to take some front-liner stocks for momentum bounce back with sl @ 4936.
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