Clearly weak opening and Nifty slipped below 4970 also. Nifty traded more than 2 hours between 4960-4987 yesterday and after that fast 50 points up moves were seen during last 1 hour yesterday. Nifty is trading between 4955-4982 after weak opening today as well as traded most time within mentioned range(4960-4987).
As Nifty traded more than 2 hours between 4960-4987 yesterday and also trading between this range today therefore next moves preparation range has to be adjusted and sustaining beyond 4955-4987 will be next moves confirmation.
Firstly watch sustaining beyond 4955-4987 today for next moves confirmation.