NIFTY VIEW

Market View :
NIFTY DAILY CHART
Source : Advance Get
Outlook for the day
As expected, NIFTY continued to trade with positive bias and is nearing the next psychological resistance
of 4200. The sectoral Indices are also holding up at higher levels which is a positive sign (except IT where
profit booking and in Metal where partial profit booking is advisable). Further, even the Mid-cap and
Small-cap stocks have witnessed participation in the recent rise and look promising for a further upside,
suggests that holding on to selective scrips in these sectors is advisable.
The coming trading session is expected to trade with positive bias and on the upside NIFTY may test 4180-
4200 levels, if it convincingly trades above 4160-4170 levels. NIFTY has immediate support at 4140-4130
levels which may be tested on profit booking. The short term investors are advised to be selective and hold
on to long positions.