Nifty for the day made a high of 4869 low of 4728 and closed at 4772
which is 77 points low from previous close.
Nifty came near by the previous low of 4720 and got support.
Now Nifty will find resistance at 4822 and 4868. Once the 4720 is broken it can take the Nifty to 4540 the probability is more for this to happen.
Any rise can be utilized for shorting.
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