Nifty Chart

Nifty Trade S 6141-6133 R 6206-6211
Nifty Trend S 6097-6093 R 6230-6236

YESTERDAYS Predction "Nifty Trade Support 6206-6200 Resistance 6263-6271
EXACT HIGH 6263.

SIDEWAYS with negative bias

Nifty Chart

As per predicted day before yesterday [regardless
nothing to know about the RBI policy] bounced.

Exactly bounced from 61.8% of the swing 5972-6415.
Little hurdle to get 23.6% [6300+] at 6246.

Nifty Trade Support 6206-6200 Resistance 6263-6271
Nifty Trend Support 6163-6149 Resistance 6297-6306

This bounce will sustain only above 6325.  So profit booking
around 23.6% is a cautious action.

Nifty Chart

Nifty Trade Support 6141-6136 Resistance 6187-6190

Nifty Trend Support 6108-6100 Resistance 6212-6218

BOUNCE BACK

Nifty Chart

Nifty Trade Support 6141-6136 Resistance 6193-6200
Nifty Trend Support 6108-6100 Resistance 6237-6241

Highly Over Bought Zone hourly and Bounce back area in Fibonacci
In daily chart still there is no change in selling mode.  Expected Short
covering above 6250.

Trend-ve/Momentum+ve