We have seen a huge
gap up opening again today going by the
performance of the Asian peers and the SGX Sep Nifty up by a huge 176.50 points
at 6112
We might see the Nifty opening above or around 6050-level. We
need to watch for this level of 6050 for the Nifty quite closely once this is
breached at the opening or soon after that the index needs to stay above this
level for at least a couple of hours to signal a sustained bullish campaign....
If it does sustain
above that the next supply zone that the bulls would have to negotiate with
remains between 6070 and 6100 for the day. A close above 6120 would signal
major strength and that beyond 6120 would be even better.More about intraday tips on google +
RESISTANCE:6050, 6080,6120
SUPPORT: 6040, 5980,5950
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