Nifty may open on a negative note and recover

On Friday, Nifty may open on a negative note. On Thursday, Nifty showed selling pressure and closed in red with bearish market breadth. Nifty closed below its support at 4,325. For the daily purpose trend deciding level is 4,275. If Nifty shows strength above 4,275 with good volumes then we may see a rally upto 4,295/4,325/4,345.`` Upside crossover may take it to 4,375/4,395/4,425 and higher. On the other hand, if Nifty doesn`t sustain above 4,275, then we may see a decline to 4,245/4,225/4,195. Breakdown may take it to 4,175/4,145/4,125, he said. For the swing traders if Nifty doesn`t sustain above 4,275 then we may see a decline to 4245/4190. If Nifty manages to sustain above 4,275 then we may see a rally to 4,325/4,375.