Nifty
managed to sustain above 6000 throughout the day. It made a high of 6091 and
low of 6034 today. Nifty July series, which has been on a rollercoaster ride
since the beginning is mostly likely to end at 6100. If there were to be any upswing despite quite a few pockets of weakness,
we need to watch out first for the range between 6080 and 6100 and then the
small range between 6120 and 6140 ....
And with a close above 6142, we can expect
it to scale up towards 6200-mark however, we are quite about its going beyond 6160 decisively right
away.Range bound trading
activity likely again. We have our signposts clearly demarcated, play
accordingly.
RESISTANCE:6080, 6120,6160
SUPPORT: 6060,
6020,5980
Great nifty outlook - I thought I'd add that I always trade with your recommendations
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