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 4905 mark consistently. The coming session is likely to witness a range of 5000 on advances, above which the 5020 maybe tested. Support maybe seen at the 4860 levels. The bullish pivot for the session is likely at the 4905 levels and the bearish pivot at the 4875 levels.