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
RadheKrishna