Nifty once again goes 4790 and this time goes up towards the next resistance level of 4855 levels and closes @4850. VWAP @ close is 4836, which indicates fresh buying happening with expectation of good result season.
1) Tomorrow could be a consolidation day around 4790-4855-4925 levels. The level of 4865 and above will be important for further upside in case of a flat opening. A gap up opening will set Nifty up for higher target of 4980.
2) Below 4790, the support is now at 4725 level. Happy trading :)
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