Nifty : Failed to cover properly

Nifty has opened gapped down and recovered from the bottom level. the 4700 level again acted as a strong support and technically trying to form a "w" bottom in bolinger bands also called double bottom and there are also possibilities to hit a lower low of 4600.

    4850 is the nest resistance for next session and may be nifty will be green next day.

Posted in: Daily