Nifty witnessed the some bounce from the support of 4900 and in the end closed with the modest gain. Technically still it is not sustaining at higher levels and we could expect more selling pressure in it. One could expect the lower levels of 4830 & 4760 in next few trading sessions. We recommend for intra day trading that trader could go for short in nifty future below 4900 for the taregets of 4840 to 4830 with the sl at 4935.
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