04/06/2012 Trading View

Nifty made a high of 4925 low of 4831 and closed at 4841 which is 82 points down from previous close.

Nifty will find support in between 4800-4788 on breaking of this it can go towards 4680 and 4600

In the upper side Nifty will face resistance at 4950 and for the trend to get reversed it should go above 5050 until that the downward journey will continue.

One can consider shorting Nifty below 4800 by keeping 4840 as stop loss for the target of 4700 and further.