Nifty: Resistance 4777/4805/4834/4849
Support 4747/4720/4696/4666
Nifty opened +ve & continued its up move throughout day with closing @ day high levels. Nifty may open +ve with 10-15 pts gains. We can see some profit booking from resistance levels after yesterday's steep run. Nifty has immediate resistance @ 4777 zone. If sustains above this zone, Nifty may continue to show its upmove towards 4805-4834 zone. On lower side, intraday support pegged @ 4747, below it, Nifty may test 4720-4696 zone. Traders are advised to remain little cautious @ higher zone till it comfortably clears 4834 level.
All major levels have been marked with red color.
Trade with levels.
Happy Trading.
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