Nifty: Resistance 4963/4990-5005/5050
Support 4949/4936/4917/4880
Nifty future opened flat traded in the narrow range of 35 points throughout the day. Nifty may remain range-bound volatile in upcoming sessions ahead of Expiry. Nifty may open gap down with 20-25 pts, 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 @ 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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