Nifty formed balance near recent highs, but later traded all the way down to close around Friday Low. Now important reference point for today is Tuesday Low, 6054, holding this level may lead to retest 6078 or 6100. Blow this level it may test 6000 levels today. The broader expectation for next few days is bracketed market between 6000 and 6100. Today open is important, open will give important information about directional bias.
Price again back above todays IBL 6063. Now chance are high for 6100 ++
ReplyDelete6040 Key ref level into play . the above view will be valid still price stay above that .
ReplyDelete