TECHNICALLY EXPECT SOME PULLBACK IN NIFTY MAYBE BETWEEN 5137 -- 5208 SPOT SOON. NIFTY CLOSED WELL ABOVE 4900 SPOT -- MAY GIVE SOME SHARP AND DECENT PULLBACK TO ANYWHERE BETWEEN 5137 -- 5208 SPOT -- CONTINUOUS TRADE ABOVE 200 DMA WHICH FALLS AT 4991 SPOT MAY INDICATE STRENGTH. ON THE DOWNSIDE NIFTY FINDS MAJOR SUPPORT BETWEEN 4837 -- 4800 SPOT BELOW WHICH IT MAY FALL AND TEST ITS NEXT MAJOR SUPPORT OF 4753 -- 4700 / 4647 -- 4624 SPOT IN WORST SCENERIO --PROBABILITY OF WHICH LOOKS REMOTE AT THIS JUNCTURE. TRADE ACCORDINGLY.
MAJOR SUPPORT LEVELS – 4837-4800 / 4753-4732-4700 / 4682/ 4647-4624-4593 RESISTANCE LEVELS – 4991 / 5071 / 5137-5172-5208 / 5251-5284 / 5322-5357
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