Market had closed strong yesterday, but still below the bullish level of 4965 on Nifty .
Strong resistance can be found towards Nifty 4930 & 4950, and if the market breaks it, it can surge past 5000.
But if Nifty drifts lower, it will send weak signals. A possible breach of 4830 will give a target towards 200 DMA of around 4700 now. If DMA is breached, the downward target get lower to around 4300 levels.
Hence watch the trend and trade with caution. Budget expectations & Global Clues will decide the course for Nifty & Sensex.
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