==>> Nifty major resistance at 4910

Inflation for the week ended at 8.10%, higher then the last week. Nifty close is again below the trendline. Sensex is taking a good support at 50DMA, but nifty is facing resistance at the same. As mentioned earlier, that till the time Nifty closes above 4910, no long positions to be taken. I still maintain the same.