Supports: 4959 is a pivotal zone for Nifty as discuss on yesterday's post (23.6rt of the ABC formed in between 5089-4918). From the above pics it's quite clear 4916-4905 is really holding the key for the coming sessions. A breach below 4890 will confirm this break down from wave count perspective for the next crucial support 4800/10 through 4880-4854 as intra support zone. A close below 4930 can do bad.
Resistances: 4986 is immediate, above that 5005/08 and 5038/46 is achievable , above which further move will be decided.
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