Nifty had a quiet range bound session today mainly in the negative zone, but well within the support levels of 6075-6120 and a good day for scalping for intra day. VWAP @ close is 6116. Nifty closes marginally down @ 6082.
1) October series could go any way now, either close above 6200 or around the strong support zone of 6000-5950 levels or may be trade range bound and close @ 6100-6125 levels itself.
2) Breakout levels remain same 6135 on spot for upside and 6060 on downside with the mean level being 6097 levels. Initiating longs above 6080 has proved to be good time and again in the past few days. Volatility has been low and a breakout looks imminent in the next two trading sessions of the October series.
3) Important levels now are 6040-6008-5979 on downside. On the upside levels, 6135-6150-6180-6200.
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