Nifty Levels for wednesday

Nifty Tips- Nifty future witnessed the huge correction today and in the end managed to close above 4800 mark. As I had already recommended shorts in nifty future for the targets of 4900, 4830, today it done. now Nifty future is looking to continue this downward rally and we might see more downside in it from the current levels. In the downside two key supports are 4730 & 4660. I recommend that shorts in Nifty future could be hold for the targets of 4700 and 4680. Those traders who like to initiate new shorts in Nifty future can short below the level of 4770 with the stoploss of 4805.