Nifty closed on a bullish note at 4898 .Today the first resistance for nifty is at 4927-32 level.Next resistance ranges are at 4955-60,5000-05,5024-27 level,5051-54 level,5082-86 level,5111-13 level,5139-43 level.On downside first support is at 4871-67 level.Next supports are at 4846-41,4795-90 level,4762-57,4740-37 level,4696-93,4675-70 level.Even though yesterday's trend was bullish nifty is still in bear region So today nifty had to trade above 4932 for intraday bullishness and for positionally a close above 5000 is required for nifty even for a small rally.Downside if nifty is again below 4840 be very alert and do not go for long below that level.
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