Y'day 5040 protected well....so no big down there......
For Thursday in nifty didn't cross 5074..then its time to go short as positional..with sl 5090/5120....if nifty didn't cross 5072 and traded below 5044 then possibility of going down to 4996....if today close below 5020 then its a sign of BEARS taking control with force.....and if today close close 5074++ then upside open for crossing 5182...
For Thursday I suggest...
Range--5020...5044---5044....5074---5074....???
BIAS--negative
Strategy-- short near 5070/5045...sl..5090/5074
