Nifty hovers around 4750;
The Nifty showed smart recovery from day's low; it was hovering around the 4750 amid choppy trade.
``Nifty is likely to test upper level of 2,650-2,850 band tomorrow. Support is likely to be at 2,750 level. Nifty may trade in improved range of 2,700-2,900. Traders should look at profit booking as the market rallies further,`` he added.