Nifty: Resistance 4990-5005/5050/5075
Support 4963/4949/4936/4917
Nifty rallied to hit fresh day high in late trade helped with +ve global sentiments. Nifty missed 5000 mark by few points. Today, Nifty may open with marginal gap up in line with Asian market. Immediate intra resistance @ 4990-5005. If sustains above this zone, Nifty may rally towards 5040-5050+ zone. On lower side, Nifty has good intra support @ 4963 & 4936. Break & sustaining blw it, Nifty may head towards 4880-4855 zone. On lower side till Nifty holds on to 4936 zone [closing basis] its upmove may remain intact.
Trade with levels.
Happy Trading.
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