Nifty may consolidate within a range of 4,275-4,448

Nifty may consolidate within a range of 4,275-4,448 before taking any direction. Any decisive trade below or above these levels will set the direction for the short term. Nifty has support 4,383-4,399, 4,316-4,334, 4,274-4,289 ( strong for short term), 4,150-4,171( strong for medium term). It has resistance at, 4,420-4,448 (intraday), 4479-4486 (strong for short term), 4533 and 4584-4595(strong for medium term). Be on sidelines until clear trend emerges. Take fresh positions in that direction according to the break out of either 4448 or 4277