See some profit booking around 4500: Quant Broking
Biju Samuel of Quant Broking said the Nifty had key support at 4100, it had turned around from there. He expected some profit booking around the 4500 levels. “Upside above the 4500 levels would depend on global cues. The Nifty is likely to hold 4,200-4,250 zone in the near-term. I would call it a bull market but not from a multiyear bull market perspective.”
He further said, “I wouldn’t rule out the possibility of crude oil touching something like USD 90 per barrel. The Euro can test 1.50 per dollar.”
