Nifty closed 1.39% lower at 4210 due to weak global cues and over bought situation. Major heavy weight stocks’ valuation are over stretched and it helped profit booking. There was also a paradigm shift from large cap stocks to small cap stocks.
Markets likely to remain volatile in one or two trading sections more, but sharp reversal can be seen on mid Monday.
Nifty has support at 4186 and 4156. Resistance at 4268 and 4320.
