Nifty: Resistance 4905-4913/4949/4963/4999
Support 4888/4848/4831/4805/4777
Nifty after opening on -ve note, managed to close in +ve/flat zone with buying witnessed at lower zone. Today, Nifty may open gap up with 25-30 pts, in line with Asian market. Nifty now has stiff resistance zone @ 4905-4913. If sustains above this zone, nifty may see some more fresh buying setting in towards 5000 zone. On lower side, 4831 acted perfect support yesterday, & today too its support for any intraday dip. Below this zone, Nifty tends to get weaker for 4805-4777 levels.
Cautious is advised in all longs @ 4880-4913 zone, till Nifty doesn't clear this zone, traders are advised to trade with strict SL.
Trade with levels.
Happy Trading.
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