Nifty intraday support placed at 4,848 - 4,830 - 4,805:
``Outlook for the day is of cautious and likely to see negative opening on the back of global peers. Most of the Asian market fell after a string of downgrades from Standard & Poor`s and stalled debt talks in Greece thrust Europe`s ongoing debt crisis back into the spotlight. Technically Last week nifty has formed series of ``DOJI`` suggests clear cut uncertainty over bull and bears. Daily momentum indicators are generating buy signal but reliability is still a big question due to subdued volume. Nifty intraday support placed at 4,848 - 4,830 - 4,805 levels and resistance placed at 4,880 - 4,900 - 4,915 levels,`` said Shilpa Stock Broker.
``For today`s trade, Nifty is likely to trade in the range between 4,850 & 4,895 in the upper side and 4,810 & 4,770 in the lower side,`` said the broking house Indira Securities.