1. Indian stock markets is doing better than the Chinese markets and thus a ray of hope is visible provided listed Nifty levels are met. One must keep watch on Nifty breaks 4667, in that scenario market may test January lows.
2. On the positive side one can say that Nifty has a good base at 4650-4700 for the time being now. Nifty can head for 4950 if it closes above 4800.
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Nifty Support and Resistances
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