4648 WORKS FOR THE FIRST HOUR

NIFTY at the weak open made a low around the support level, 4648..mentioned yesterday...but the up move there after ,does not sem to have much power...and on the upside,,around 4700 is proving tobe a bigger hurdle now...so for traders a close above 4719, would be an area to enter long...while for short term traders, 4648 will be the level to enter short.