Below 4375 Nifty may fall to 4200: Finquest

MUMBAI: Finquest Securities is of the opinion that Nifty breaches below 4375 then it may fall to 4250-4200 levels.

���Nifty failed to breach the crucial resistance at 4375 and fell sharply to make a low of 4289 before closing back again at 4349. Nifty is hovering at crucial resistance at 4370-4375 zone. Failure to breach 4375 decisively will lead to Nifty continuing its downtrend towards 4250/4200. If however 4375 is breached, the relief rally could then continue towards 4430,��� said Finquest report.