Nifty future showed strength yesterday but came down during closing.
today may open flat, and what we need to watch is yesterday's low of 4396, which is going to be a very important level for the day.
Breaking 4396, nifty can fall to 4374-4360.
for upside, nifty trading above 4425 is bullish for a tgt of 4442-4476 for the day.
however one needs to be cautious on longs as inflation data is expected today evening.
