Nifty has resistance at 4539-4569: India Capital Markets

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According to India Capital Markets Technical Outlook report, Nifty has a support at 4481 & 4448 and faces resistance at 4539 & 4569. Nifty above 4539 will set a target of 4572, 4591, 4624 & 4666.

India Capital Markets Technical Outlook report:

Nifty has a support at 4481 & 4448 and faces resistance at 4539 & 4569. Nifty above 4539 will set a target of 4572, 4591, 4624 & 4666. Nifty below 4476 will set a target of 4448, 4411, 4383 & 4334. Nifty has a good support at 4146 which is also a 23.60% of the fall from 5298 to 3790. Nifty had closed above 4353 which indicates WAVE C started.

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