Nifty was on a flat trend for past four trading days and closing was between 4745 and 4755 in these days. So today the first resistance for nifty is at 4763-67 level. Next resistance ranges are at 4778-83,4814-19,4852-56,4870-74,4899-03,4942-47,4989-94,5030-35,5055-60,5084- 87,5098-02 levels. On downside first support is at 4732-28 level. Next supports are at 4714-10,4690-85,4640-35,4623-20,4602-97.4580-75,4543-40,4527-25,4485-82,4455-50,4435-30,4400-395,4373-70 level.On upside the main hurdle for short term is at 4820-30 level and a strong mpve above this level is the hope for bulls and on down side a close below 4685 can inject back the bear sentiment.So today unless a strong move above 4820 better stay away from long side.
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