Today NIFTY(CMP-4987.2)opened with a Gap down.So as per me NIFTY should take support at 4941 as NIFTY has violated 5000 level.So on upper-side NIFTY has resistance at 5020.If NIFTY is not able to sustain this level than one can think of shorting NIFTY for say a target of 4882.
1.)Sterlite (CMP-692.45)- Short with a target of 671 with a STL 698.
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