Yesterday, Nifty closed with loss of 28 points. As today (Thursday) is the expiry of Nifty December future some volatility may be seen. Nifty showed selling pressure from resistance close to 4,755 levels, whereas some recovery from support 4,700 - 4,685 levels also seen, therefore selling pressure is expected to continue below 4,685 zone and on upside Nifty is expected to face resistance around 4,755 - 4,800 zone. There is also a high possibility of up move towards 4,845 - 4,925 zone.
For today, traders are advised to sell on any rise in the region from 4,845 to 4,885 with strict stop loss of 4,995 and for downside target of 4,675.
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