Nifty: Resistance 4747/4777/4805/4834/4849
Support 4720/4696/4666/4621/4595
Nifty on Friday, rebounded from lows with sharp upmove & went pass 4800 mark, but this didnt lasted as Nifty lost the gains & returned to negative zone. Today, nifty may open flat/-ve in line with Asian market. Immediate resistance @ 4747, if sustained this level, Nifty may head towards 4777-4805+ zone. On lower side, Nifty may see some profit booking below 4720. Below 4696, Nifty turns more weak for more selling pressure in coming session for lower levels. Over all, we may see a rangebound session today, break of either side of 4696 & 4777 may invite further movement.
Trade with levels.
Happy Trading.
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