Today Nifty took its support at the 4,830-40 level to bounce back above the 4900 mark. For coming trading sessions market sentiments continue to remain jittery on both the domestic as well as global front. Global developments on the European front will be keenly watched by the market men for further cue. If nifty manage to sustain itself above 4,900 level then next resistance is placed at 5,020-50 level. Below 4,900, Downside support exists at 4,830-4,790.
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