Nifty closed slighty up at 4636. So today the first resistance for nifty is at 4650-54level. Next resistance ranges are at 4670-75,4696-01,4717-20,4745-49,4769-73,4823-28,4878-73,4918-21,4965-70,4987-92,5030-35,5055-60,5084- 87,5098-02 levels. On downside first support is at 4620-16 level. Next supports are at 4602-97.4580-75,4543-40,4527-25,4485-82,4455-50,4435-30,4400-395,4373-70 level.The underlying trend is bearish and unless a strong move above 4700 better do not go for long side for short term and on down side more selling pressure to follow below 4575 level.
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