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Share market has opened with a flat note today. if we talk about Nifty then the first resistance for nifty is at 4885-90 level.Next resistance ranges are at 4928-33,4960-65,4992-95,5018-22 level,5051-54 level,5082-86 level,5111-13 level,5139-43 level. Technical support for the Nifty is marked near.
first support is at 4805-00 level.Next supports are at 4789-85 level
STRATEGY FOR PLAYING SAFE TODAY :-
The nifty is now trading deep in the red so be very alert and do not attempt to do buy at low.Better wait for a reversal in trend to buy.SO today nifty expected to open gap down and more selling to follow below 4800 level and on upside till nifty is above 5000 stay away from long side.For Intraday it is better to stay away from shorts if nifty is above 4900.
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