Nifty made a high of around 4950 levels and then bears completely took over yesterday. The close was also a shade above the last support of 4825.
It is likely that bears will push the markets further down in the short term and a move towards 4710, 4670 levels is not ruled out.
Strong resistance is seen around 4858, 4897 levels and it might be difficult for the markets to move past 4915 in the very near term.
A strong correction beyond 4670 is not seen as of now and it will be a buy around 4700 levels.
Resistance levels : 4858, 4897, 4915
Support levels : 4807, 4792, 4765
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