Today nifty fell by 29.70 points and manages to close at 4831.25. However bear remained powerful on whole session of today's market. Although Nifty starts well today and got an intraday high of 4881.75 in early morning session but after that market has got selling pressure. Most affected stock of today was Infosys which was down by more than 8%.

Nifty is looking consolidate for next trading session. After facing few bullish trend of previous session today it got the bearish trend. Nifty may trade on its higher level if it manages to trade above the resistance level of 4920 else below the support level of 4745 it would be down trend.

Indraprastha Gas, Novartis India, Dish TV India, Oil India Ltd....

Stay away from IT stocks..