Finally closing above 4890 after huge volatility and lower levels supports but strong resistances upto 4955. As markets survived above 4789 amid worst news flood therefore 4789-4860 has developed a strong support and until Nifty will not sustain below 4789 till thrn more down moves will not be considered.
As strong resistances upto 4955 therefore follow up consolidations and sustaining above 4955 will mean confirm Pull Back Rally.