nifty fut found support at 4860, and it traded in a narrow range for the day, today gonna be no different, nifty will try and get into a range till 10:30-11:00 am, and trade in that range.
i m still very negative on nifty and breaking 4860, it will fall to 4838 to 4824.
In case any recovery is seen, nifty can hit 4895 - 4916.
remember, it has to cross 4916 to show any strength in the near term.
for short term traders, breaking 4860, nifty will tgt 4775, sl at 4916
