Nifty witnessed the huge correction today and made the closing below 4950. As we had already mentioned in our previous report that one could go for sell on rise in nifty future until it made closing above 5110. Now the nifty could witness more strong correction from the current levels. We recommend short position in nifty future for the targets of 4700. In the upside 5100 to 5110 is the resistance zone for nifty future in short term.
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