January 30, 2014

NIFTY likely to be bullish holding 6000

Today we had second gap down and markets still managed to close near day's highs. Support at 6000 is still holding (actual range is 5970-6000 spot).

Option writing FEB series points to support at 6000 and resistance at 6300.

Expect markets to be bullish from here on as long as they trade above 6000.

Comments welcome...

No comments:

Post a Comment

Share this...