It try to take mild support at 4882 level and maintained it for quite a long time but then finally breached both the supports of 4845 and 4822 (Spot Level) easily.
Nifty will be under the grips of bears until 4859 is breached on higher side.
Nifty closed below important level of 4859 and it may kiss 4778 level in this selling.
It will act as very strong hurdle and if Nifty breaches and close below 4757, the next immediate support level, then Nifty may crash to 4644 level.
In case of breach of 4757 with strong volume will be like facing flood of strong selling and it may not act as big buying opportunity until 4644 level.
| Important Nifty Levels for 3rd Feb | ||
|---|---|---|
Nifty Pivot | 4828 | |
| Support | ||
| 4807 | 4778 | 4757 |
| Resistance | ||
| 4859 | 4888 | 4921 |
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