Today Nifty has got the selling presure and gone in a negative mode. Today it started with a bullish trend after getting uptrend of yesterday. Today Nifty closed at 4,749.65 with the loss of 15.65 points. The Nifty touched 4,733.45 in an intra-day trade as a intraday low. The technical report says that it may touch 4900 level soon. Although our experts also feel that initial months of the year will not be very good.

Nifty is looking consolidate from here. It will get a bullish if it touch the resistance level of 4830, elsa if it test the support level of 4660 it would be down trend.