Nifty has broken the 5000 psychological mark and closed below it 4944.15 which is yearly low. Nifty made a high for the day at 5078.6 at the opening and it was not able to sustain at that level due to global cues and went below 5000 it was not able to cross upward again then it made a low of 4932.15 and closed at 4944 which is 115 points down from previous days close.
Now the Nifty will find resistance at 5000 and 5076 the support comes at 4786 which is the 61.8% Retracement of the previous up move.
Levels for today
Support 4909 , 4888 , 4870 , 4853
Resistance 4978 , 5000 , 5020 , 5034
Short Renuka at 58 with stop loss of 60.5 for the target of 51
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