Nifty was on a flat trend yesterday and closed slightly up at 4860. So today the first resistance for nifty is at 4875-80 level. Next resistance ranges are at 4893-97,4910-14,4937-42,4982-86,5030-35,5055-60,5084- 87,5098-02 levels. On downside first support is at 4830-25 level. Next supports are at 4814,09,4790-85,4764-61,4745-40,4707-02,4683-78,4640-35,4623-20,4602-97.4580-75,4543-40,4527-25,4485-82,4455-50,4435-30,4400-395,4373-70 level.The nifty is now in slight recovery trend and below 4785 is the need to worry as of now and upside we expect resistance at 4940,4986 and 5060 level.So today for intraday better stay away from long if nifty is below 4825 and intraday hurdles are at 4895 and 4937 level.
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