Expect Nifty to open on a Negative note following negative global markets.
After a massive Short-Covering move yesterday, Nifty Fut can move upto 4719-4734 area which is a critical resistance area.
Further pullback upto 4780/4830 is possible only incase 4735 is crossed & sustained. If does not cross 4735, then lower levels of 4600/4530 could be tested.
Key Nifty Futures Levels :
Supports : 4658 & 4624.
Resistances : 4719 & 4759.
Probable Trading Range : 4624 – 4759.
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