Atlast nifty managed to close above 4800 , that is something positive.But it could not take on the 4830 hurdle,though intra day it did go above that to make a high of 4843.80.It closed at 4826.85.Nifty once it crossed 4812 gave a 30 point long opportunity for intraday.Since we have a long weekend with international markets open its tough to take a call on carrying the longs.4785 is the stop loss for all long positions.

Nifty spot currently trading at 4805 will show strength if trades above 4812.The stop loss for any long position for intraday will be 4784.For nifty to show more strength it has to close above 4800.

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Nifty closed weak at 4757 down by 35 points.Intraday there was lot of volatality , it went below the bearish level of 4789 then rebounded sharply to 4820.The stop loss level mentioned of 4827 wasnt triggered.In later part of the day again 4789 was broken to make a low of 4749.Having closed below 4800 again nifty is showing lot of weakness and selling pressure at higher levels.For tommorrow watch out for the level of 4739, any close below that will lead to more weakness.

Nifty made a high of 4826.85, that is the stop loss for any short positions initated today.If nifty starts trading below 4789 it could get weak.A failure to close above 4800 will confirm the weakness.Stay cautious.

Nifty Spot after triggering a buy abv 4770 made a high of 4810.40 and closed at 4792.65.A close above 4800 would have been even better for nifty to remain bullish.

BUY NIFTY SPOT IF TRADES ABV 4770 WITH STOP LOSS 4739.IF NIFTY STARTS TRADING BELOW 4739 SELL WITH STOP LOSS 4770