Nifty made a low of 4673 high of 4768 and closed at 4746 which is 16 points down from previous close.
As Today is the RBI policy meet the movement will be based on the announcement only.
If there is further increase in rate then below 4640 we can see 4400-4450 in the coming sessions.
If there is hold / decrease in rate then we can see the Nifty towards 5000 and 5100 and further.
4640 is the support and 4840 and 4920 are the resistance.
By the RBI announcement one can take the decision for going long / short.
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