NIFTY LEVELS AND INTRADAY TREND FOR DECEMBER 14 - WEDNESDAY

 Nifty closed slightly up yesterday at 4800 level. So today the first resistance for nifty is at 4826-29 level. Next resistance ranges are at 4840-40,4854-57,4890-95,4917-22,4965-70,4987-92,5030-35,5055-60,5084-87,5098-02,5115-18,5130-35,5163-68,5198-02,5213-18,5238-43,5264-68,5284-87,5325-28levels. On downside first support is at 4775-70 level. Next supports are at 4747-42,4701-96,4679-75,4641-37,4610-05,4540-35 level.So today the main intraday hurdle is at 4855 level and on downside if nifty is again below 4742 the bear trend will continue and better avoid long below that level.