Nifty: Resistance 4777/4815/4836-4840/4888
Support 4747/4696/4666/4622/4600
Nifty traded in tight range of 4730-4770 for most of time, post noon-session with alot of volatility after slipping below 4700 mark in initial trading hour. Today ahead of RBI credit policy, we may see some volatility in initial hour. Today, nifty may open marginal +ve inline with Asian market. Nifty has immediate resistance @ 4777, if sustains this zone, Nifty may move towards 4800-4815 zone. On lower side, nifty has strong support @ 4747. Till sustaining above this zone, Nifty keep hopes of +ve momentum.
If any +ve move comes from RBI, then some short covering can trigger in market.
Trade with levels.
Happy Trading.
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