The bullish structure is in tact but the market will have to trade above 6002 consistently, which is the tipping point for the day. The immediate resistance being at 5993, 6002 and 6018.
On the flip side, the immediate support is at 5966, 5952 and 5917.
Our outlook for the day is that the Nifty might open weak and go further down south. Investors and traders are advised to utilize the weakness and go long as the Nifty consolidates.
On the flip side, the immediate support is at 5966, 5952 and 5917.
Our outlook for the day is that the Nifty might open weak and go further down south. Investors and traders are advised to utilize the weakness and go long as the Nifty consolidates.
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