Technical outlook for the day
Technically, The outlook for the markets today is that of cautious optimism as the bulls need to hold the Nifty above the 4900 mark consistently.The coming session is likely to withess a range of 4915 on advances, above which the 5030 maybe tested - a low probability event. Support maybe seen at the 4730 maybe tested - a low probability event. Support maybe seen at the 4730 levels.