Cash Nifty:---Holding Resistance of 20 and 50 sma 4889 and 4925---Nifty unably to close above these levels.
Formation of incomplete dark cloud cover---Reversal signal in overbought which is a Good sell signal if today its go below 4860 with stop above 4947.80. If long then put stop below 4860.
Expecting trading range between 4955 and 4790,till it hold 4710--our short term trend is up.
Nifty fut:for intraday traders---till it below 4935--its in sell and expected lower target 4830---4790 but if its go above 4935--then next level may be up to 4990
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