On 24.08.2011, Nifty Spot faced resistance at 4965 and fell down. Important support is at 4860-4845, below which Nifty may test its previous low of 4800 and may test lower levels till 4712.
If it moves upwards, Nifty has resistances at 4913-4945-4965, above 4965 it may shoot upto 5065-5118.
SL for Longs 4845
SL for shorts 4932