4726 acted big.
We again discussed about the the impulse forming on hourly chart from recent lows of 4340 on yesterday post, where we projected 4920-5010 above 4565/77.
Supports: Bullish view maintained as usual, 4755-60 is the biggest support for the day. It's a place to go long as of now with 4720 as s/l. Below that 4725-4676 is possible, where this 4680 odd will play critical role for the further down move.
Resistances: 4842/50 is the place to watch out for. Above that nifty can very well show up 4910/19 place and halt a bit, But aggressive target of this move remains at 5010.
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