Today, the markets seems to be in a sideways trend betwwen its support around 4,645 and the critical level around 4,712. The markets are expected to change it's range from the mid session, if the index trades below 4,645 then it is also expected to get it's lower support around 4,625. If Nifty manages to trade above 4,712 then it will move upside around 4,736 levels, above this level upside rally can extend towards the next resistance around 4,766. Today, Investors will keep eye on weekly inflation data. Traders are adviced to avoid long positions below the support level of 4,660.
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