Currently Nifty is trading at trading @48779. As per my analysis this seems to be bottom. Gap Up opening is excepted. From this point nifty will bounce back if it trade above 48925 then Resistance level will be 1st Resistance 49125 2nd Resistance 49378 3rd Resistance 49710 If it will cross 49710 then we will see levels 1st 50035 2nd 50655 If it falls further and trade below 48530 then will see these levels 1st support 48205 2nd Support 47845 3rd support 47355
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