Nifty:Resistance 4990-5005/5050/5075/5115/5151
Support 4949/4936/4913/4880/4832
Nifty opened flat & traded in range until European market opened in red & making Indian market to trip to selling pressure. Today, again we may have a weak opening in line with Global markets. Nifty may open 70-75 pts down. Immediate intra support @ 4949-4936 zone. Sustaining below this zone, Nifty gets more weaker for more selling pressure. Immediate resistance @ 4990-5005. If sustains above this zone, nifty may see some short covering. Overall sentiments are bearish & closing below 4936 for couple of sessions, Nifty may see more selling pressure towards 4880-4832 & lower.
Trade with levels.
Happy Trading.
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