We have been repeatedly saying that Nifty has a stiff resistance at 6335,if it crose
it will wait for a rally with hudrles at 6345 level.For the past two days Nifty
was in oscillation between 6315 and 6275.We also warned that if Nifty falls
below 6275, traders can change their trading directions as short postion.Today
Nifty was managed to stay above 6345 level and went up to 6355 and came back
to 6345.Traders can expect 40 points up from 6345.However there is a volatile session
between 6325 to 6345 levels. As the F&O expiry is also ahead, short-covering
may also boost Nifty to some higher levels. The broad market is waiting for a
rally.
was in oscillation between 6315 and 6275.We also warned that if Nifty falls
below 6275, traders can change their trading directions as short postion.Today
Nifty was managed to stay above 6345 level and went up to 6355 and came back
to 6345.Traders can expect 40 points up from 6345.However there is a volatile session
between 6325 to 6345 levels. As the F&O expiry is also ahead, short-covering
may also boost Nifty to some higher levels. The broad market is waiting for a
rally.
