Nifty opened flat and made a strong move to 6218 and reversed back and made a low in the first one hour at 6177 and infact as stated before Nifty has support above 6193 but was not able to make big move and has again made a low of 6163 and did not stay for long below 6165 which is a sell. The last 30 mins saw Nifty crossing 6193 again for a target of 6210 and achieved it, but was not able to reach 6225 which is ultimate target. Nifty ultimately closed bullishly but seams it was loosing its strength as we are going to see some bad results and also global markets were also not supporting. What we are still seeing is FII's were buying and DII were selling almost all equal amount.Nifty Should move above 6240 or should move below 6140 for a real trend as they act as a real support and resistance for short term.
Strategy for the day
Nifty may open flat to negative and as we move ahead for the day the levels to watch levels are for confirm trend for the day are 6161 for lower levels and 6209 for higher levels and stay for 30 mins to make a move to 6140 and 6240 . We can also watch in spot for 6177 for shorts but should maintain a strict SL of 6195 and above 6193 for long with SL of 6177.
Index and Stocks for the day levels
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