Nifty: Resistance 4848/4888/4905/4949/4990
Support 4832/4800/4770/4721/4688
Nifty had a volatile session, with buying being witnessed at lower support zone & maintained 4800 mark [closing basis]. Today, Nifty may open +ve with 35-45 pts gain in line with Asian market. With expiry just 2 days ahead, we may see some stock specific short covering coming in. Immediate strong support pegged @ 4800, till holding on closing basis, Nifty keep hopes to show some recovery in coming days. On upside, resistance @ 4888-4905. If crosses & sustains above this, some more short covering towards 4949-4990 zone may be seen.
Trade with levels.
Happy Trading.
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