Nifty Chart
Nifty Trade support 6030-6026 resistance 6063-6071
Nifty Trend support 5987-5980 resistance 6149-6166
Short covering is possible above Trade resistance up to
trend resistance. Negative breakout is for 440 points
with neck line of 6092 implies the target 5652 without
huge candle and volume.
Negative divergence in hourly chart will issue some cautious on
longs. Little bit confirmation is required to short aggressively
once nifty try to cross 6166 and fails will be the confirmation
for the free fall of 440 points.
So without risk takers keep short price 6105 as sl
So with risk takers keep 6160(C) as sl
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