Violet Arch: Nifty unlikely to rally above 4900 levels

2011-12-26 17

Mithil Pradhan, Sr Vice President - Derivatives & Technicals, Violet Arch Capital Advisors says Nifty is unlikely to rally above 4900 levels, with an expected year-end rally till 4900-4950 levels. He selected ACC and reliance communication stocks as his picks.