Nifty opened weak @ 4585 taking its cue from Dow Jones and Asian Markets. It opened weak and then moved side ways the whole day making a high of 4660 and a Low of 4571.
Nifty has a Minor support @ 4570 -4580 levels ie todays low, and Breaking of which will lead the nifty down to 4500.And on the upside it has to move through 4560 levels comfortably to try and make an attempt @ 4755 again.
Our view on Nifty is Neutral for now.It has to Break 4500 levels on the downside to trigger a move @ 4350. Or Break above 4755 to head towards 5000 levels.Traders can make an attempt to trade in a range of 250 points keeping a stoploss on either side of the range.
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