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Visit http://indiaer.blogspot.com/ for complete details �� ��
Watch Nifty
Ø Nifty continued its rally north closing at 4776.60, 42.75 points higher forming a third consecutive green candle on the daily chart, bouncing back from lows of 4531 tested last week.
Ø On the daily chart resistance is expected around 4820 levels. If nifty sustains above 4820, levels of 4850/4870/4910 is possible. On the downside, support is found at 4710 levels. If nifty break below 4710, levels of 4650/4630 can be expected.
Ø On the weekly chart, nifty breached to close above the short term resistance of 4750. Major resistance levels at 4840 and if nifty trades above 4840, levels of 4915/4940 can be expected. On the lower side, 4720 is acting as support on weekly charts and on break below 4720 levels, 4670/4630 can be expected.
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