Nifty for the day made a high of 5059 from there it came down to make a low of 4907 and closed at 4923 which is 209 points down from previous close.
Nifty will face resistance at 4967 and 5000. 4900 will act as a support once it goes below on closing basis then there will be more fall it will reach 4700 in short time.
Be cautious below 4900 Nifty will get tumbled.
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