NIFTY

As on the expected line, Nifty has taken support at 6180 / 6160, mentioned in earlier posts. At this point in time it seems that it has taken a support. How long Nifty will hold it, is a big question. Personally I feel that even 6160 will break eventually as per the chart indication. I guess Nifty can touch 6000 sooner or later. 6240 will act as a good resistance now.

Still the trend has not been reversed. I personally feel that it is a correction in an ongoing up trend. This is a healthy sign. I will be buyer in any dip around 6000 / 5970 or bounces back from here itself and closes above 6240 consistently.