Nifty again witnessed selling pressure
near 4840 and get corrected from that level. As we had mentioned in our
previous report that traders should go for sell around this level &
could book profit around the 4740. Now we recommend that NIFTY is
looking very weak and not sustaining higher levels. We could see more
correction in it until it close above the level of 4840. Traders should
go for sell on NIFTY at every rise and book profit around the level of 4700. Closing below 4650 might take NIFTY till 4520.
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Regards,
Mugdha
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