Markets proved again yesterday that it is still going back and forth the 4444 levels and neither party is able to decisively win in the markets.
Nifty made an attempt to break the key resistance of 4490, but failed and corrected nearly 50 points. All those intraday bulls are all trapped at the end of the day yesterday, but then since it close higher and never gave a chance for the end of the day bears of the previous day to escape, it is again equally poised as of now.
The view remains the same, "it is pretty much under bear grip as long as 4490 and 4507 level is not broken and a break of 4375 level today will immediately see markets moving to 4324 and 4302"
Resistance levels : 4465, 4490, 4507
Support levels : 4428, 4375, 4350, 4324
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