NIFTY OUTLOOK FOR TOMORROW
Nifty started at the level 6203 and dropped till 6167 finally ended at 6196. We expect further fall in the index and the whole market unless the Nifty manages to move above 6210 and stay there on sustainable basis. The range between 6210 and 6240 is going to act as a significant supply zone absorbing the supply in this range is quite crucial if, at all, there is going to be any recovery worth talking about....In case, the levels above 6200 prove too much for the index then the range between 6170 and 6140would act as a support area, which if taken out we would see the Nifty heading for 6090 or lower levels shortly.
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SUPPORT: 6180, 6130,5090