It was a cheerful day for the Indian Stock Markets which opened gap-up and thereafter, moved from strength to strength following a pullback in beaten-down sectors. Gainers of the day were banks, IT, capital goods and metals sectors.
For intraday trading on Wednesday 04-Jan, Nifty could find its immediate resistance zone at 4810 and if nifty manages to trade above this level than rally to 4850-4900 can be seen. On downside Nifty could have support at 4700 level, and any trade below this level may drag Nifty to 4650-4600 levels.
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