Nifty: Resistance 4777/4805/4834/4848/4888
Support 4747/4735/4696/4666/4636
Nifty opened & traded firm in initial trading hour but slipped into red in late hour, with alot of volatility being witnessed. Nifty cracked from mentioned resistance zone of 4805. Today, Nifty may open -ve with 25-30 pts loss in line with Asian market. View remains, same as yesterday. Immediate resistance again pegged @ 4777, Nifty needs to sustain this zone. Above this zone, 4805 would be next level to watch out for further move. On lower side, sustaining below 4747 nifty gets weaker. 4696 is crucial support on lower side, breach of this, may change the recent short covering trend.
Trade with levels.
Happy Trading.
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