Nifty has shown highly volatile movements due to overbought situation. Individual stocks outperformed the broader markets and sectors. The trend may continue some more time. Today we had seen correction in capital goods, oil & gas, IT, Banking and cement. The trend may reverse tomorrow. These sectors will attract fresh buying.
Nifty has support at 4586 and 4550. Resistance at 4691 and 4715 levels.
