Technical outlook for the day Technically speaking the outlook for the markets today is that of caution as the bulls need to hold the Nifty above the 5055 mark consistently. Overseas cues are likely to weigh on the bulls. The coming session is likely to witness a range of 5085 on advance. Support maybe seen at the 4950 levels. The large intraday swing is beacause of the large base effect of Friday's range. The bullish pivot for the session is likely at the 5055 levels and the bearish pivot at the 5125 levels.