5000-5040 would act as a very strong resistance

The recent low of 4913 remain crucial and a break below would accelerate the move on the downside. The indication has already been given by momentum indicators, which are fast slipping into the negative territory. The index has critical supports at 4900-4913, and 5000-5040 would act as a very strong resistance hereon
Aban offshore Sell Keep SL 4176 tgt 4080,4050
Sell Ibreal Estate SL 502 tgt 465,450
SbI Keep Sl 1600 tgt 1560, 1548,1535,
Sell Bata SSL 175 tgt 171,168,165
Major Real Estate stocks Chart base look Week
Heavy weight Reliance Industries has broken past Rs2,600 and should now target
Rs2,480-2,500
Balaji Tele Buy in decline SL 170 tgt 185,192,200
ScripName----S1-----S2----RS.---R2---R1----Position
Nifty---------4900-4930-4949-4975-5005-Go long above R2,Go short below S2.
Adlabs--------661--669---676---693---701-Go long above R2,Go short below S2.
Cent. Text----760--769---777---784---795-Go long above R2,Go short below S2.
DLF----------596--602---610---622---631-Go long above R2,Go short below S2.
Icici Bank----845--859----864---881---891--Go long above R2,Go short below S2
Infosys-----1780-1818---1826--1851--1867--Go long above R2,Go short below S2
J P Asso.-----231--235----238---241---244--Go short below S2.
Reliance----2511--2539--2555--2581--2601-Go long above R2,Go short below S2.
Rel.Cap-----1280--1299--1321--1341-1351-Go long above R2,Go short below S2.
SBI-------1550---1563--1573--1591-1609-Go long above R2,Go short below S2