Market expected to trade with positive bias

According to Angel Broking report, the coming trading session is expected to trade with positive bias and on the upside Nifty may test 4200-4220 levels, if it convincingly trades above 4175 levels.

Angel Broking report on market outlook

Nifty opened on an optimistic note and traded with positive bias for most part of the trading session. The Sectoral Indices also witnessed buying interest and a short term upside in metal and Midcap sector cannot be ruled out. Nifty has taken strong support near 4100 levels and it is expected to trade positive with stock specific movement.

The coming trading session is expected to trade with positive bias and on the upside Nifty may test 4200-4220 levels, if it convincingly trades above 4175 levels. The immediate support for Nifty is at 4150-4140 levels and a further downside upto 4120 can be expected if it trades below such levels, though this seems unlikely for the coming trading session. The short term investors are advised to book partial profits at higher levels.

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