Continued weakness it was, as advocated in our last post.
The tipping point for the day is at 6020 with 6025 and 6032 as the immediate resistance which should be conquered conclusively for any hope of bulls to return.
On the flip side 6002 continues to be the immediate support which if broken may see Nifty slide down to 5941 levels.
Our outlook for the day is that there will be further weakness amidst volatility and consolidation before the market may spike up towards the end. Weakness may be utilized by the medium term investors to go long on specified equity. Traders are best advised to lie low.
The tipping point for the day is at 6020 with 6025 and 6032 as the immediate resistance which should be conquered conclusively for any hope of bulls to return.
On the flip side 6002 continues to be the immediate support which if broken may see Nifty slide down to 5941 levels.
Our outlook for the day is that there will be further weakness amidst volatility and consolidation before the market may spike up towards the end. Weakness may be utilized by the medium term investors to go long on specified equity. Traders are best advised to lie low.
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