Nifty gap opened and made a high of 5011 low of 4916 and closed at 4936 which is 104 points up from the previous close.
Nifty made high during the opening and it slowly gave up part of its gain and closed near by the low. This shows the absent of bullishness.
For today Nifty will find support 4866 and will go back up to 4900.
On breaking 4860 firmly it will go to 4770.
One can consider shorting Nifty of Rise by keeping 5020 as stop loss for the target of 4870 and 4770.
All the levels are based on spot Nifty.
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