Nifty was in up trend yesterday and closed at 4779 . So today the first resistance for nifty is at 4799-04 level. Next resistance ranges are at 4817-20,4833-35,4852-56,4883-88,4918-21,4965-70,4987-92,5030-35,5055-60,5084- 87,5098-02 levels. On downside first support is at 4758-55 level. Next supports are at 5733-27,4709-05,4692-89,4640-35,4608-05,4592-88,4527-22,4485-82,4455-50,4435-30,4400-395,4373-70 level.Even though bull movement for last few days Nifty still in bear zone so use tight stop loss for all longs and 4950 level will be the main hurdle for this recovery rally.So today the main intraday hurdle is at 4820 level and on down side main intraday support level is at 5727 level
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