Nifty Spot Closed @ 6062
Supports @ 6040-5970-5865
Resistances @ 6137-6240-6357
Trend Decider @ 6040/6240
Strong/Weak Above/Below 6040.
This week Nifty Volatility was at its best. Nifty Crossed 6240 crucial resistance but failed to close above and later on Started cracking and closed just above crucial support of 6040. Now Market @ Cross Road. Closing Below 6040, More correction possible otherwise bounce back till 6189-6240-6300. Overall Still Mkt is in tranding range around 6100 (2% Variation) as said earlier. Closing Above/Below 6240/6040 will increase the range in days to come. Long & Medium term are still Bullish. "
Trade with Levels not with Hope
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