Today the domestic indices opened flat, mirroring overseas markets. For NSE Nifty the critical level for upside movement is seen at 4,943 and if the index is able to sustain above this level for some time, then it can move towards the first resistance at 4,965. Above this level, further upside momentum towards the next level 4,993 could also be seen. After the initial volatility if it fails to trade above 4,943 levels, a sideways movement is expected due to the weekend pressure and the Nifty may try to find a support at 4,903. A break below this level can bring down the benchmark towards the major support around 4,877.
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