Nifty has closed on 4835, down around .66% after a choppy session on Monday. Nifty has opened on 4844 and touched intraday low at 4760. After taking indication from European markets, Nifty recovered and made intraday around 4860 levels. Amid choppy session of Indian markets, DLF and JP ASSOCIATES were gaining due to short covering in the market.Traders closed their short positions in these stocks due to expiry of September series. DLF, JP ASSOCIATES may go further up. With stoploss of Rs 65 JP ASSOCIATE may buy only for today. It my go around 74 and DLF may long for the target of 210-212 with the stop-loss Rs195.210-212 with the stop-lossRs195.