Nifty showed strong movements in the beginning, but couldnt sustain 4600.
today, markets will open flat, and nifty might try to make a small upmove, but will be strongly resisted around 4600-4610
However if nifty doesnt cross 4610, it will be very weak.
i as a nifty trader will wait to see if 4571 breaks, if it does, nifty can be shorted with SL 4588 tgts will be 4524-4509
on the long side, nifty is bullish above 4586, will try to hit 4633-4640 levels
however i will be cautious playing the long side, as 2 BIG GUNS - SBI & RIL will be extremely weak today.
Infosys also not giving any bullish signals.
