FOR THE DAY:
The indices are expected to open on a flat-to-negative note as global indices are on the weak side.
Trade short in Nifty from 4080-4100 levels with a stop loss placed at 4120 levels.
Nifty has a crucial support placed at 3980 levels which needs to be observed closely.
Speculative long positions may be assumed if Nifty finds support at 4000 levels targeting higher resistances with a stop loss placed below 3980 levels.
Investors are advised to remain cautious around the indicated critical levels.