Nifty traded in a small range, and was unable to cross 4525.
for today, nifty crossing 4525, can see some short covering and hit 4550-4610.
however if it is not able to cross 4525, it is going to be very weak, and can fall to 4450-4405 levels for the day.
the trend is down, however i personally expect some upmove. Inflation data will be the key for the day's movement.
i wont comment on how it can effect the markets, but will keep a watch on 4525 for any direction.
