Nifty for the day made a high of 5030 and low of 4964 and closed at 5017 which is 22 points down from previous close.
As there is Tug of war between bulls and bear nifty wont be moving much so can go for individual stocks.
Nifty will be facing resistance at 5070 and 5110 the support comes at 4950.
One can initiate short Nifty between 5060-5040 with stop loss of 5080 for the target of 4960.
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