Nifty: Resistance 5005/5050/5100/5151
Support 4990/4949/4913/4880/4832
Nifty in line with Global market cracked hard to go below 5100 mark. Today we may see another panic down opening below 5000 mark. Now last bull support @ 4800-4700 mark, below that, we may see more panic sell off till 4500-4400 mark. Over all right now market is in mid of a storm & only panic is seen every where. But we would advise to keep a contra view & use this panic to take our mentioned value picks. Intraday, Nifty above 5050, may see some upswing. Sustaining below 4949 we may see some more sell off towards lower support levels.
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