Tuesday’s North Korea’s test missile firing brought down the equity markets all over the world. Investors booked profit in mid-cap and small-cap stocks in the second part of the day ahead of Futures and Options expiry.
Nifty has breached the key support of 4156 and tested 4100 levels and finally it closed at 4116. Nifty rollover is around 38%, marginally higher comparing with the previous months, showing greater expectation on markets. As the extreme short term indicators are on the oversold territory one can expect a recovery tomorrow by noon.
Nifty has support at 4069 and 3939. Resistance at 4180 and 4269.
