(The Nifty ended 16.50 points higher at, 5983.55)
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Nifty closed up 16.50 points at 5983.55 while Nifty futures closed at 5985.40, a premium of 1.85 points. FIIs sold in Cash, net sell for the first time is 238.56 Crore while DIIs as always sold in Cash, net sell 132.79 Crore. FIIs sold in Index Option, Stock futures but bought in Index futures, net sell 1348.32 Crore.
Nifty will face minor hurdles at 6040, 6100. If it sustains above, 6100 with volume, then short covering is expected in the bear hammered stocks. Hence, fantastic opportunity is available for some quick profit. Nifty will find support at 5940 and 5880 level.
What For Today…?
If Nifty Will break the level of 5936 and trades above 5960…then immediate Resistance are 6013 and 6026….
Intraday Support 5958-5967 and could move to slide to 5940.
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