For Nifty outlook on Monday, it has strong support at 4,970 levels. If Nifty sustains above this level then there will be positive trend for the markets, in that case higher resistance may be found at 5,120 and 5,200. Bias remains positive above 4,950. Bearishness can prevail below 4,950 for lower levels of 4850 and 4,750 levels. Autos and IT will remain in lime light.
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