FOR THE DAY:
The US indices have ended on a positive note and Asian indices are also trading in green.
Hence, Nifty is expected to open on a positive note.
Traders are advised to trade long in Nifty from 4950 levels else from 4920 with stop loss placed at 4890 for the targets of 4980/5000.
Alternatively, trade short in Nifty below 4890 else if it fails to breach 5000 levels with stop loss placed at 5020