Nifty : Daily charts shows resistance@5950, only above that level Nifty can test 6100-6150 levels while below 5900 nifty can witness 5850-5800-5760-5700.
Weekly Charts : as per nifty weekly charts still looks positive & shows trend-line resistance near 6025 with support near 5830-5790.below 5790 nifty can witness sharp fall towards 5500.
Our view :for positional traders any upside between 6025-6100 will be an opportunity to add fresh shorts with sl 6150.risk lovers can add shorts below 5900 with sl 5950.
Our view :for positional traders any upside between 6025-6100 will be an opportunity to add fresh shorts with sl 6150.risk lovers can add shorts below 5900 with sl 5950.
