Today: Nifty opened negatively after very volatility in the market, and at the end closed flat too negatively. Technically below 4916, we can see more downside in the market. We can expect the next target of around 4350. Because of flat closing there were no changes in support resistance. Now consider resistance at 4830-4911-5025. Downside support is 4730-4639-4538. Trading range 4700 to 4760 to watch out. Break, trade and close below 4700 - big fall in the market.
Weekly: Last week, we saw lot of volatility in the market, but finally it was unable to hold 5000 and made a low of 4841. For the week ahead, we may consider a support range of 4810-4800, decisively break and decline below the lower level target of 4750-4640. Higher-level resistance to continue 5000-5100 - 5125 to watch out. Weekly Trend Decider 4935 - Below bear favour.
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