Yesterday Nifty and many stocks have gyrated wildly and moved all over the places, throwing technicals into haywire. This kind of move happens when there is indecisiveness for the direction of market. Therefore, trade cautiously with tight stop.

Nifty Future:

Resistance around 6190 and above 6210, it will move to 6235 – 6275.

Support around 6153 and below 6146, it will fall to 6120 – 6100

Stock Future

Reliance Ind:

Resistance around 1085 and above 1090, it will move to 1110.

Support around 1071 and breaking 1063, it will fall to 1050 – 1035

C T Ramesh Raja