Nifty was trading at 6050 at 12:30 PM but moved sharply immediately after strong opening of European markets and today up moves were fuelled by strong up moves in US Futures also. As IIP numbers also improved therefore strong rally seen after its announcements. Now trading near the top of last resistance range(6050-6105) of on going rally. As today up moves are completely news based therefore finally sustaining above 6105 should be watched for strong rally above 6111.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
