Technical outlook for the day Technically, the outlook for the m ark ets toda y is that of caution as the bulls need to hold the Nifty above the 4940 m ark consistentl y. The F&O expir y and m argin calls will determ ine the near term trends. The coming session is lik el y to witnes s a range of 4960 on advances. Support maybe seen at the 4750 levels below which the 4725 level maybe possible. The bullish pivot for the session is lik ely at the 4940 levels and the bear ish pivot at the 4900 levels.