A short on rise opportunity is being seen in the market for the traders. Nifty is looking in bearish mode and short term support is lying near 4700-4710. If nifty continues its bearish run and trades below the support levels, a fall till 4580-4500 is expected. Below 4500 a free fall till 4100 could be possible. On the upside 5200 is still acting as stiff resistance. Traders can go for sell on rise strategy.
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