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Yesterday, Nifty was in a bearish trend and closed below 4,752. For today, Nifty is expected to remain sideways and the market is likely to take cues from global markets. If Nifty shows strength above 4,752 levels, then rally towards 4,802/4,837/4,900 could also be seen. If Nifty does not show strength above 4,752 levels then selling pressure will continue till 4,702/4,652/4,600 levels.
Traders are advised to short Nifty if it fails to cross 4,802 levels for target of 4,752 with a strict stop loss placed at 4,822.


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