Hourly 100 and 89 Emas are also converging at same place around 4514/17. So sustaining that level can make Nifty move higher towards 4551-4589-4625. Above 4625 the main trend will again be decided.
Resistances: As discussed 4503-4514 is crucial, crossing that nifty can make it pivotal for the day, to move further. Above that 4557-4589 looks possible enough. 4625 can decide the next immediate move on the card.
Supports: 4429-4399 is big time crucial place for nifty. Below that nifty will again target 4341-4325 zone and breaking further, it can come down to 4265 and finally 4210.
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