But if nifty manages to hold above 4,760 in the near term then it's quite possible that Nifty could again rally further upto 4,850/4,950, "the report says.
It bugs Emma when I use the word Nifty, so I couldn't resist when speaking about her sweater.
` ` The stocks are set to extend yesterday ` s rally in move to reach our short term Nifty target of 4,970.
In the near-term Nifty faces resistance at 3715 and intra-day support is placed at 3580-3520. â€œRally was in anticipation of huge short-covering and fresh buying from the FIIs as major action was seen in the index frontline stocks.
Now for the near term Nifty faces resistance at 3715 and intra-day support is placed at 3580-3520.