Nifty Intraday Outlook For Tomorrow 17-Nov

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It was highly volatile trading session today. Markets were traded choppy throughout the day and recovered significantly in the last half-an-hour to close with moderate losses. Markets may continue its volatile trend ahead and could move either side, however short term trend is looking bearish.

For intraday trading tomorrow Nifty has important support zone at 4975 level. Below 4975, next support exists at 4930-4850 levels. On upside Nifty could find resistance at 5,080-5,120. If bulls survive above 5,100 level then Nifty is likely to touch the levels of 5150-5200.

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