Above 4275, Nifty can touch 4350-4370: Finquest

MUMBAI: According to Finquest Securities Nifty has formed a small Bullish Hammer. If the index manages to breach 4275 then it can move upto 4350-4370, the brokerage says.

"Nifty has tested the upper band of the falling channel. However with the strong bounce from 4150 levels, Nifty has formed a small Bullish Hammer. For the day if the falling channel trend line and Hammer high is breached at 4275, the relief rally in Nifty could continue further towards 4350/4370. On the other hand a breach of low at 4220 would lead to resumption of down trend towards 4100 -4050," said Finquest Securities report.