conflicting view

Yesterday markets opened -ve and after half an hour trade markets took support and gone up. But the closing was in red Nifty 4469. -13 pts.( not at all a good ). Global markets shows that all +ves were exhausted?.  FII data is not so directional. Markets are bullish only after nifty crosses 4520 and 4650.  As the markets faces strong resistance at these levels go short by buying 4300 puts. Stop loss nifty 4550. SGX nifty trading at -45 pts Chart shows that market is in range bound and converges at nifty 4400.