Nifty: Resistance 4982-4994/5025/5035-5050/5084
Support 4963/4949/4936/4913/4880/4851
Nifty Crashed from our resistance area of 5035-5050 & saw booking of almost 100 pts. Today, Nifty may open flat/-ve in line with Asian Market. Immediate resistance @ 4982-4994, which if cleared can take nifty to 5050 range. On downside, Nifty has strong support @ 4936 & 4913.... if break & sustain this levels, then Nifty may test lower support areas of 4880-4851 range .If Nifty is unable to give close above 5050 this week, then it may turn more weak for more fall.
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June 09, 2010
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