Nifty(Spot): Resistance 4020/4035/4050/4089/4110
Supports 3900/3883/3874/3850/3830/3750/3722
View: Market lost almost all the gains that it earned previous day. All the momentum created for upmove was lost on grounds of Political uncertainty & high crude prices.Still Bulls hasn't lost fully. Closing below 3830 (Spot) will be a blow to Bulls, below it we may test 3600 in panic. Abv 4050 (Closing basis) only some respite can be there.
Following can trigger positive cues in coming days.
1) Crude gets little ease off.
2) Govt gets go ahead for n-deal (its a economic boost as well).
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