Today after the morning high nifty got resisted at the crucial juncture of 6090 -6095 NF. A nice 100 point on the short side.One thing peculiar of today's fall was that it lacked the necessary volume. We may trade in this range for this week and by next week would break out on the upper side.
For tomorrow resistance lies at 6027 - 6047 NF and above it we may again move to 6090 NF.Only a good break out with volumes at 6090 NF would lead to the immediate target of 6140 NF. On the lower side 5987 NF and below it 5925 NF are the support areas where we can again go for buying. We know now that we are in trading range so now trading becomes easy as buying at the support and selling at the resistance. In the money call and puts can give decent 50 point profit on both sides.
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