Nifty: Resistance 4222/4243/4280/4320-4333
Support 4190-4180/4140/4110/4090/4040
The market traded on low volumes post budget sell off and manage to close in the positive. Nifty critical resistance @ 4222 & Support @ 4190. Break/Sustain of 4190 may lead Nifty towards 4140.Though global cues are negative, but if 4140 is held, we may see bounce back from lower levels. Above 4222-4243 (sustaining basis) , expect 4320.
Short Term View: Overall view is bearish, Closing below 4140, can take Nifty to 4040-3950. Below 3950- We can test 3XXX.
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