Nifty: Resistance 4800/4832/4848/4880/4905
Support 4770/4745/4700/4666/4620/4585
Nifty after initial a calm trading session, witnessed selloff in later half taking Nifty to close below 4800 & Sensex below 16000 levels. Today nifty may open flat/+ve. Immediate strong resistance @ 4832. If sustains above this zone for few minutes, nifty may head towards 4848-4880+ zone. On lower side, Nifty has strong support 4770, if sustains below this zone, Nifty may test 4745-4700 support zone. Until & unless, nifty is holding 4700 zone now [closing basis], it may show some bounce back towards 4900 zone, as many indicators are in oversold zone now.
Trade with levels.
Happy Trading.
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