Nifty closed on a bear note at 6217 level.So today on upside first resistance is at 6235-40.Next resistance are at 6275-80,6315-20,6333-37,6355-60,6372-76,6406-11,6437-42,6477-82 on downside first support is at 6167-62 level.Next support are at 6150-45,6125-20,,6103-100,6084-80,6061-57,6035-30,6013-08,5980-75,5940-35,5908-03,5880-75,5845-41,5826-21,5793-88 level.The trend is with bulls Nifty still in bull trend So today if below 6162 be alert and stay away from long side and on upside above 6240 trend is good for bulls .As far as fundametal is considered we wont think all stocks are overvalued so make the correction an opportunity to shift portfolios and buy company with good fundamental.
Positional Support for NIFTY 6139 6117 6092 6088 6065 5982 5886 5859 and positional Immediate resistance for NIFTY is 6241.
Intraday Resistance of NIFTY are 6220.5 : 6235.9 : 6304 : 6320.5 : 6337.1
Intraday Support of NIFTY are 6183.2 : 6167.8 : 6100.6 : 6084.3 : 6068.1
Positional Support for NIFTY 6139 6117 6092 6088 6065 5982 5886 5859 and positional Immediate resistance for NIFTY is 6241.
Intraday Resistance of NIFTY are 6220.5 : 6235.9 : 6304 : 6320.5 : 6337.1
Intraday Support of NIFTY are 6183.2 : 6167.8 : 6100.6 : 6084.3 : 6068.1
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