NF:Previous resistance turning support{4700} for immediate support although demand TL breached on downside from the lows of 2539. Looking at pivotals i am circumspect which sector going to pull nifty up. Below 20/50ma is cause of concern and shortable on bounce to 50ma with {TREND} SL {4875} on close above 50ma.
MILESTONES: 4401<4550<<4750>>4875>4990
The above price points are on the basis of Weekly close, price can move both side post opening watch price movement and trade accordingly with prudent risk management
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