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Indian markets wednesday outlook by

Finally GREECE woes calming down.Euro zone countries have decided in principle to help debt-stricken Greece.

Lets take a look at our Nifty.

Again and again weekly pivot 4800 acting as  resistance.Today it's tried hard to close above 4800 but couldn't.

Watch out 4840 above 4800.If we close above 4840.4920 is not at a big distance.

For tomorrow we need to hold above 4790.If we hold and move above 4840 will trigger short covering.

Below 4790 watch Day support one at 4751.

Tomorrow if bank nifty holds in positive we will get fuel to short covering.

Tomorrow we might open Flat to positive.

Disclosure: Holding nifty long positions