Market is volatile for today. Nifty seems down for today's market because of some global cues. Nifty futures may slip from its previous level. As the nifty spot has broken down below 4870 now some more profit can be booked in the nifty market. Now recovery can not be seen in the market as analysis says that nifty has broken down below 4870. I recommend that traders can go for short sell from current levels of nifty. The levels for nifty for today for the short term may 4760 to 4770 if closing below 4850.
Buy ADANIENT above 587.50 @ SL 560.15 TGT 592.15, 597.55, 605
Buy ESCORTS above 173 @ SL 171 TGT 174, 176.55, 179.65
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