Markets are still in selling mode due to the lack of positive news.Funds are sellers in the market ahead of budget.They are expecting cut in stimulas packages.But 4654 is a very strong support for nifty.It is expected that markets bounce back from that level.If nifty breaches this support level it may test next support at 4500 and 4300.Nifty face resistance at 4930.
Sensex support is 15570-15400.Resistance is 16500.
Traders go long on nifty with a target of 4820/4900 stop loss below 4650 on closing basis.
