Yesterday, Nifty continued the weakness and closed near 4646. Therefore, for today the first resistance for nifty is at 4665-69 levels, crossing theses levels it will find next resistance ranges around 4687-92, 4715-20, 4768-73, 4827-31, 4879-74, 4919-22 levels. On downside first support is at 4629-25 level. Next supports are at 4608-03, 4581-76, 4530-26, 4486-83, 4456-51, 4436-31, 4401-396 level. Again nifty closed below 4700 signaling the underlying bear force. A move below 4600 can put some more pressure to market unless a strong move above 4686 better stay from long side even for intraday.
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