Nifty future immediate resistance comes at 4880-4890. Sustenance above 4890 will rush to 4905-4939. Any up move above 4939 can take nifty back to 4997-5004. Immediate support comes at 4778 and break may once again crash to 4753. In case breaks 4753 then slide towards 4718-4703 and 4688 is also not ruled out in positional trades.
While updating the SGX nifty is trading at 157 points up. Above 5004 watch 5036 and 5070. Try to go shorts at these levels and if closes above 5070 only then further we need to think about more upside levels.
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