The Nifty opened in red in line with weak global indices and touched a low of 4,632 during the day. However, buying resurfaced at lower levels, which led the index to end higher by 41 points, or 0.87%, at 4,733.85. On daily charts, for the second consecutive day, it held above the previous session’s low, suggesting pull back to continue in the near-term. Any move beyond 4, 740 would lead Nifty to retrace up to 4,760 and 4,790. On the flipside, 4,690 and 4,640 could act as the support for the day.

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