Nifty Tips For Next week

Nifty witnessed the yet another downside session and in the end manged to close above 5000 level. In the downside two key levels are 4950 & 4820. It is expected that once market could teste the 4800 level in this downside rally. I recommend that traders could hold the short position in infty future for the tg of 4900 & 4800. In the upside 5100 is looking the major resistance. Those who like to initiate new shorts could do below 4950 level for the target of 4850 with stoploss of 5005.