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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