Weekly Trend:
Last week Nifty recovered from the low of 4531, made a high of 4763, and finally managed to close above 4700. Now in this week, any rally will face resistance at 4750-4882 and reversal to sell side. Overall trend is down; and as per Fibonacci projection, the lower level target is intact at 4350-4000. In this week: Trend Decider - 4669.
Today Intraday Tips: At the end of the week nifty opened positively and made a top out level. It was in consolidation mode and at the end it closed flat too negatively. Because of flat closing there were no major changes in support resistance. Now today consider higher-level resistance at 4780-4830-4880 and support at 4628-4600-4538.
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