After gaining good momentum for last 10 days, today nifty fails to cross the level 4600 and ultimately closes near opening value making dozi at the daily nifty chart with very low volume it indicates that tomorrow may be the consolidation day for the nifty. Traders may be the defensive tomorrow. Nifty Resistance is 4630 and Support is 4500. New positional entry should be done If nifty crosses above 4630 or unable to break 4500 levels. Tommorow may be the flat opening with negetive bias depending on US and Asian Markets. Technically and fundamentally market is strong enough. You just need to watch the levels given above for taking new positions.

Wish you good luck.