Nifty: Resistance 4720/4745/4777/4815
Support 4690/4666/4620/4590/4555
Nifty witnessed a quick crack, once it broke major support zone of 4720-4700 intraday. Though Nifty managed to close above 4700. But, still we would like to wait & watch it to sustains 4720-4745 zone on upside, to buy for bounce back trade.Today, being expiry, Nifty may see some short covering above 4720-4745 zone towards 4777-4800+ zone. On lower side, 4700-4690 is good support to be watched intraday. Break below this zone, again some more selling pressure can be seen towards 4666-4620. A close below 4666, may take nifty towards 4555-4444 in coming days.
Trade with levels.
Happy Trading.
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