It winter and Nifty too is shivering ...
Today was a cooling day after the great 250 points run up.After a gap up NF moved in a very tight range today. A little bearishness has creeped in but it needs confirmation.The charts indicate that in the morning itself a good profit booking was there but sellers as such are exhausted at this point.Tomorrow too the morning ORB would give a nice trade of 50 points i.e above 6031 NF or below 5991 NF.
For tomorrow too 6041 NF is the resistance to cross above which NF may zoom to 6076 - 6090. Above all these levels we would be in a completely bullish zone. I expect selling to start form 6076-6090 NF level.
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