Nifty: Resistance 4880/4914/4936/4963
Support 4848-4832/4810/4770
Nifty future opened negative with gap by more than 1% but recovered from day’s low as day progressed & finally ended in green. Nifty may open with gap up of 20-25 pts. Sustaining above 4848, some rally may set in towards 4888-4900+ zone. A close sustaining above 4936-4949, nifty can move further upside towards 4990-5000+ zone. On lower side, Nifty has good support @ 4812-4777 zone. Close below this, Nifty may tend to get more weak, else traders should utilize this as buying opportunity for momentum bounce back trades.
Trade with levels.
Happy Trading.
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