For The Day:
The US markets were closed on a negative note, while the Asian indices are trading with mixed sentiments. Hence, Nifty is expected to open on a flat note. Trade short if Nifty fails to breach past 4800 levels with stop loss placed at 4820 levels for targets of 4780 and 4750 levels. Alternatively, trade long in Nifty only above 4820 stop loss placed at 4800 levels targeting 4850 levels.