The market may touch 3920-3940

The Nifty fails to trade above 4140 on 3rd & 4th May-07, the market may touch 3900 range before it make afresh bid to cross the historical high. The Nifty is struggling to find support for upward move as the Cipla, ICICI, Bajaj Auto and HLL has not enthused the market. If the market receives lackluster numbers from the metals space and ITC, the it will take longer time to cross the high.