Nifty has immediate support at 4578 - 4564 and then at 4540. Immediate resistance comes at 4718 - 4725.
Only, if it sustains above for 10 minutes, we may see recovery towards 4768 - 4786.
However, intraday traders can check for the intermideary support 4620.
I would advise fresh shorts should not be added at these levels.
Rather one may create smaller buying positions at 4580 levels.
Banknifty future minor-resistance at 8520 and crossover with volume, it may rush to 8637.
Immediate support comes at 8262 and if breaks, non-stop selling upto 8180 - 8140 can also be witnessed.
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