Nifty zoomed to close at 4693 . So today the first resistance for nifty is at 4708-12 level. Next resistance ranges are at 4738-43,4780-85,4835-40,4858-63,4886-91,4908-14,4965-70,4987-92,5030-35,5055-60,5084- 87,5098-02 levels. On downside first support is at 4650-45 level. Next supports are at 4601-596,4527-22,4485-82,4455-50,4435-30,4400-395,4373-70 level.Nifty was in a covering mood yesterday and unless a close above 4850 nifty still will be in bear zone.So today the main intraday resistance are at 4738-83 and 4785 level and on down side intrday support is at 4650-45 level and no long if below this level.
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