Nifty: Resistance 4913/4936/4951/4999
Support 4880/4848/4832/4800
Nifty witnessed some good volatility on friday & traded in almost 100 pts range. Nifty made high of 4925 & low of 4845. Nifty closed into red for 7th consecutive session.
Nifty may open gap down with 20-25 pts loss. Immediate support @ 4880, if held, Nifty may show some pullback. Immediate resistance @ 4913, if sustains, Nifty may witness some more upside towards 4936-4951. Above 4951, if sustains for 5 min, more upside move is possible in Nifty. On lower side, as mentioned, immediate support @ 4880, if breaks & sustains, Nifty may see some more booking towards 4848-4832 zone. Over all, we may see some volatility between 4848-4951 range, till either side range is broken [closing basis].
Trade with levels.
Happy Trading.
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