Nifty has major support at 4,730 & 4,690 while the resistance is there at 4,820 & 4,850 levels, said research house - SMC (February 10).

``For the second consecutive session, index opened on flat note and remained range bound throughout the day. Mostly sectoral pivots ended on flat to negative note while the market breadth was also inclined towards marginally in red,`` it added.

``Technically, we expect that consolidation to continue in the near term too but the stock specific movement will dominate the market trend ahead. On the global front, we may witness technical bounce resulting positive candlesticks formation around the current low,`` it further said.

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