After the analysis of Nifty’s daily chart, Nifty has closed a near a support level around 4860.While Nifty has faced a strong resistance on 4925 level. Nifty may remain range bound between these levels today also. U.S. markets closed flat to negative on Friday. Asian markets are trading mix in morning, Singapore Nifty marks minor loss today in early session. Market may be in shorter range in early session, Direction of markets will depend on European clues. Nifty may take directions after Infosys’s result on 12th October also. NIFTY may short Sell for today on 4900 to 4920 level with the stop-loss of 4950.
