Nifty Trend For Tomorrow 30-Nov

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Indian markets slumped again on profit booking today. Nifty witnessed selling pressure from resistance near 4,875 level and closed at 4805 with 46 pts loss. However, Bulls are still protected 4,800 levels. Selling pressure may be seen if Nifty trades below 4790 levels and on the other hand Nifty may face resistance near 4,900 level in coming days.

For intraday trading tomorrow, trend deciding level is at 4,800. If Nifty shows strength above 4,800 levels, then rally to 4,850-4,880-4,925 may be seen. On the downside if Nifty fails to show strength above 4,800 levels then selling pressure till 4,750-4,700 may also be seen.

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