Nifty opened gap down at 4440 but couldnt sustain the selling pressure for long. It Succumbed to selling pressure and broke the earlier low of 4400 to reach a low of 4360. Even a good IIP number couldnt stop nifty from falling . Late recovery started after some +ve signs from Europe and Nifty climbed back to 4465. +ve divergences were appeared on Nifty 5 mins charts .
The levels to watch for tomorrow are 4520 on Upside and 4410 on Lowerside . A strong resistance at 4520 is holding nifty from past 3 days. Break above this level will give a target of 4580 and 4620 .
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