Nifty Chart
Nifty Trend Support 5930-5921 Resistance 6161-6169
Trend line From Life Time High 6357 through 6338 [lower tops] at 6318
Recent Lower tops trend line at 6212
Recent Higher High trend line at 6161
Trend line From Recent Time Lower low at 2252 at 5870
78.6% of 6229-5118 is at 5990
Day chart express every high is for profit booking, not for short.
Hourly chart is OSZ, so +ve momentum with profit booking means
sideways with +ve bias is the trend today. Sector wise rotation
will hold Nifty above 5900 is good for bulls.
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