Nifty may witness selling pressure around 4935-4950: Finquest

MUMBAI: Finquest Securities is of the view that Nifty may witness selling pressure around 4935-4950.

���Nifty traded with a strong positive bias closing up by 2% forming a Bullish Belt Hold pattern for the day. Nifty appears to be bullish and can head towards 4950 levels. We expect Nifty to witness selling pressure around 4935-4950 zone. On the lower side rising trend line support at 4860 is crucial. As long as it holds the relief rally is likely to continue. Resistance is at 4936/4970/4900 and support is at 4864/4790/4765,��� the report said.