Nifty Tips
After the great pullback , Indian market lost third half of what it gained yesterday. NSE Index Nifty moved below 4800 level during noon trades and eventually closed at 4805.10 down by 46.20 points.
Nifty Futures suffered 1.13% loss and settled at 4815.10. The major giant stocks like RIL and Bharti airtel led this downtrend. The skeptical traders can drive the market in consolidated mode tomorrow. A direct rise above 4855 may call for an intraday bull and Nifty can move up to 4872- 4890 levels. On the downside 4780 is the nearest support and a trade below which would invite some more down side in Nifty Future.
Support zone for Nifty is 4780-4763 and resistance levels are 4870-4890.
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