Nifty is consolidating since last
three days after making an interim bottom of 5957. This consolidation is going
on with negative bias. Major levels to watch are 5950 / 5970 on down side and
6320 / 6350 on upper side. In between there are plenty of range bound trades
with plenty of supports and resistances. After watching for first 15 minutes of
market, if it permits, one can go
short on NIFTY for the targets of 6025 and
5975 and further down. Stop Loss can be maintained at yesterday’s high of 6107.
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