Nifty opens gap up and remains above 6150 for most part of day and consolidation around this level is taking place and Nifty aiming to go higher above 6200 after some consolidation and/or retracement at the higher support zone of 6085-6135 . VWAP @ close is 6192. Nifty closes @ 6158.
1) The resistance level of 6160 has held well today and level to watch tomorrow for target of 6190-6220. Strict stop loss intra day tomorrow will be 6135.
2) Below 6135 levels, Nifty could likely test 6100-6085-6060 levels.
3) If there is a gap up opening tomorrow above 6190, then 6190-6235-6265 could be the likely range tomorrow. Happy trading!
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