Nifty future selling may continue up to 4348 level for time being. Resistance at 4383 and 4404 levels. Above these levels, expect short covering up to 4461 and 4515. Sell if touches 4676 with stop loss at 4730. On Negative Side, break below 4292 may lead to panic selling up to 4237. If breaks and sustains below this then downtrend may continue and have caution.
Probably because of election
Probably because of election fever and buoyant FII transactions.
Guess due to government
Guess due to government policies, efforts of RBI, positive international markets and FII activity.