Nifty: Resistance 4888/4913/4936-4949/4999
Support 4848/4832/4800/4770/4742
Nifty opened & traded in green in initial hour before slipping into deep red by 1% on Expiry day. Resistance was pegged @ 4913 & nifty made high @ 4912 & slipped to lower levels & held on to support @ 4832. Today, we may see -ve/flat opening in line with Asian market. If nifty holds on to support zone @ 4832-4800 zone, we may see some bounce back to 4900-4950 zone in coming session. Until & unless close above 5005, Nifty has less chances to resume its upmoves, till then rangebound upmoves will be only seen. On lower side, breaking & sustaining below 4800 only, we may see some sell off setting in back.
Trade with levels.
Happy Trading.
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