Nifty: Resistance 4020/4074/4100-4110/4150
Supports 4000/3970/3939/3915/3875/3850
View: Market in oversold condition. Any bounce back will be welcome. There were no major happenings on weekend with DJIA being closed. We may expect a flat opening here too. Market is already discounting Inflation figures, as its an old story now. High crude prices & political uncertainty are only negative triggers as of now. Any closing abv 4110 may give a high boost to market sentiments in coming days.
Positional Picks:
GVKPIL, HPCL, SPICE JET,BHEL
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