NIFTY Movements

The NFTY opened at around 4800 , down about 30 points from yesterday's close. It then moved up and down but remained very much between 4794 and 4815, Except for the last few minute where it broke the 4815 level went up but eventually closed at 4808.60 i.e. above 4800 levels. Below is the NIFTY movemnet for Monday

We can say that for Monday the up level (represented by red line) was around 4815 and the down level (black line) was around 4794 i.e. NIFTY Obserevd a resistance at 4815 and a support at 4794. Which means it closed slightl down with respect to is previous closed. As I predicted NIFTY will go down and will start moving downwards from monday....I still blieve that NIFTy is headed downwards in short term..But i am a bit cautious here as NIFTY is not going down by much in last 2-3 days...so the crucial level again becomes 4780..if its broken then there will be more downside....
Lets wait and watch