Nifty: Resistance 4777/4805/4834/4849
Support 4747/4720/4696/4666
Nifty opened flat & traded in negative zone for maximum time of the with some jump towards 4800 level visible in noon session. For the maximum time, Nifty remained in consolidation phase & stuck in 4777-4747 zone. Today, Nifty may again open on flat note, with no much indication from Global markets. Again, 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.
Overall, we may remain in rangebound moves in 4747-4805 zone & expect further major move on break/sustain of either side zone.
Trade with levels.
Happy Trading.
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