Following support was given in all the 3 previous outlooks despite sharp down moves yesterday:-
support between 4968-4978.
Nifty opened and trading above this range since opening today.
Strong Indian markets after INFY Quarterly results today but Selling seen between 5030-5040 also yesterday therefore this range is immediate resistance. Sustaining above 5040 will be confirmation of yesterday correction completion and then strong rally will be seen after crosssing old resistance of 5060.
Sentiment sparked after good INFY Quarterly results therefore news based strong market today and sustaining above 5040 will be firstly watched for next up moves confirmations.