NIFTY closed at 6138.80. NIFTY has
also cleared two minor tops of 6126 & 6134.85. So we can assume it to
continue the up side movement unless it trades and closes below the support
zone of 6090 & 6110. In case of not breaking this zone, one can go long or
hold onto the longs in
NIFTY and wait, if it clears 6160 / 6170 zone again 30
to 50 points gain can be expected as now on the up side there are number of
resistances so we have to trade for small profit with small Stop Loss and
re-enter again on any breach of next resistance. On the breach of the support
zone mentioned here, one can go short for the 50 / 70 points of gain on the
short side.
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