Below are are support and resistance levels for nifty. The pivot level for nifty is 5004. Nifty is having first support at 4956 level. However if nifty is not able to hold its first support then the next Support leves ( support 2 ) is 4904. The third support for nifty also act as breakdown level , from where we can see sharp recovery or shap downside. Sopport3 or Breakdown … [Read more...]