Nifty Update for August 12 - Inder Bhatia

We had a gap-up opening and traded in a narrow range throughout the session. The bulls came back in the last hour of the trading session and broke the narrow range to close near the day's high. For the coming session. Nifty could test 4680-4711 levels and we could see some profit booking at 4680 levels. For longs one can keep a stoploss of 4573.