The market closed flat today after a sharp recovery in the second half of trade. Nifty tried to get back into green position for a while before the closing, but cautious European markets ahead of Angela Merkel and Nicolas Sarkozy meet weighed down over the market.

Today Nifty closed at 4,742.80 with 4.10 down points by making a intraday high of 4820.65 and a low of 4696.25. After a sharp down fall in nifty it recovered sharply in second half of session. Now it is looking bullish in next trading session.

Now nifty is looking bullish if it manages to trade above the resistance level of 4835, else below the support level of 4650 it would be a down trend.

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