Following lines were told yesterday:-
"6100 expected within 2/3 sessions"
Nifty traded most of the time within 6070-6085 and tested 6100 in last half hour yesterday as well as closed above 6100 but Nifty Jan Fut did not responded this last half hour sharp surge. Although Nifty Jan Fut moved up in last hour but completely under performed Nifty spot yesterday. Mentioned surge was seen in resistance range(6080-6100) and Nifty Jan Fut intraday charts of yesterday are indicating selling signals also therefore more consolidation required within 6080-6120 for fresh up moves. As most of the pivotal stocks intraday charts of yesterday are suggesting buying formations therefore more up moves are expected after some more consolidation today.
As more consolidation is fresh rally demand therefore it will be seen first within 6080-6120 today and fresh rally above 6100 expected in next Session,Week,Month & Year.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
