Expect markets to open Negative following Mixed Asian Peers & Dow slipping off nearly 300 pts from day’s high to close at lowest point of the day.
4936-4948 is a critical resistance which if crossed may trigger short-covering upto 4976/4994. If does not cross 4948, then lower levels of 4880/4855 could be retested
Key Nifty Futures Levels :
Supports : 4908 & 4868.
Resistances : 4948 & 4976.
Probable Trading Range : 4868 – 4976.
Trade cautiously as Movements would be very choppy on Account of FnO expiry today.
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