As we can see Nifty is looking week. All people like to make huge profit in very short time in stock market but it may be harmful for our wealth. we can go short at this time when market is looking week but I always found end less risk in short side so l always like to suggest for buy side or use tight stop loss. If you still want to go short then you can short with stop loss of 4820 and we may see 4600 level in Nifty If you want safe side then Buy Nifty around 4580 to 4590 with the stop loss of 4570 for the technical bounce only it may be 60 to 80 points up side in Nifty.
Happy trading
Short Unitech if gives close under 76. Under 76 unitch can so more weakness because 76 is unitech's strong support and 200 days ema to after breaking 76 this support will work like strong resistance for Unitech and it will not easy for unitech to beach this level. Use Trailing stop loss after short.
You can short unitech around 78-79 with stop loss of 80 first target may be 72-74 because it is technically looking very weak at this time.
Now at this time stock market is looking very risky. Sensex and Nifty going up and up without any correction why ? Is there something wrong in the market or any thing else it is very horrible for me and i am now away from stock market I will never enter in market without any good and healthy correction.What other people think i don't know.