Today nifty index has a stiff resistance at 6042. Once if it manages to cross 6042, it might reach 6058 and 6074 too. Above those levels, bulls may take nifty to 6081 and even 6095 levels.
On the other side, below 6006 level, nifty may be dragged down to 5990 by bears. More action can be seen only below 5975. Once if nifty manages to cut 5975, it may touch 5961. Final support for bulls acting at 5947 level.
Today nifty index has a stiff resistance at 6019. Once if it manages to cross 6019, it might reach 6035 and 6050 too. Above those levels, bulls may take nifty to 6066 and even 6091 levels.
On the other side, below 5981 level, nifty may be dragged down to 5967 by bears. More action can be seen only below 5952. Once if nifty manages to cut 5952, it may touch 5935. Final support for bulls acting at 5919 level.
Today nifty index has a stiff resistance at 6010. Once if it manages to cross 6010, it might reach 6024 and 6039 too. Above those levels, bulls may take nifty to 6055 and even 6071 levels.
On the other side, below 5969 level, nifty may be dragged down to 5952 by bears. More action can be seen only below 5938. Once if nifty manages to cut 5938, it may touch 5921. Final support for bulls acting at 5907 level.
Today nifty index has a stiff resistance at 5892. Once if it manages to cross 5892, it might reach 5908 and 5933 too. Above those levels, bulls may take nifty to 5950 and even 5964 levels.
On the other side, below 5851 level, nifty may be dragged down to 5835 by bears. More action can be seen only below 5820. Once if nifty manages to cut 5820, it may touch 5804. Final support for bulls acting at 5789 level.
Today nifty index has a stiff resistance at 5922. Once if it manages to cross 5922, it might reach 5938 and 5953 too. Above those levels, bulls may take nifty to 5970 and even 5984 levels. On the other side, below 5888 level, nifty may be dragged down to 5871 by bears. More action can be seen only below 5855. Once if nifty manages to cut 5855, it may touch 5840. Final support for bulls acting at 5823 level.
Nifty to trade volatile and is expected to follow global cues. Nifty spot if manages to trade and sustain above 5920 level then it is likely to show some upmove and if it breaks and trade below 5870 level then some profit booking can be seen in the market. Please note this is just opening view and should not be considered as the view for the whole day. Important US data to be released today: 1. Housing Start
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