Nifty was on a strong bull trend yesterday and closed at 4765 atlast a good recovery. So today the first resistance for nifty is at 4800-04level. Next resistance ranges are at 4819-23,4840-45,4875-82,4901-05,4920-24,4960-65,4987-92,5030-35,5055-60,5084- 87,5098-02 levels. On downside first support is at 4727-24 level. Next supports are at 4691-87,4676-74,4641-37,4623-20,4602-97.4580-75,4543-40,4527-25,4485-82,4455-50,4435-30,4400-395,4373-70 level.Nifty made a good come back but still the underlying trend is bear side and we expect a close above 4800 can bring some cheers to bull side and trend can return to bull side only if a strong close above 4975 and for this rally we hope it is better to put stop at 4674.So today main intraday hurdle are at 4804 and 4845 level and on downside support are at 4724 and 4687 level
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