Nifty Future:

Yesterday again made Inside Bar with a very small spread of 34 points, but underlying strength of Nifty continue to be weak since many Index constitutent Stocks are in sell mode.  The buying momentum exists only in handful of stocks like Dr Reddy, Jsw Steel, Maruti and TCS.  With few stocks in buy mode and many in sell mode its difficult for Nifty to moveup.

For today’s trading it could take support around 6140 and if there is strong push on upside, it might be capped at Pivot level of 6280.

Stock Future:

Maruti can continue to do well on upside as long as 1806 is defended by bulls and shorters have taken upper hand in Yes Bank and covering can happen only if its able to cross 385 in Spot, until then it will be in severe selling pressure.

Good Luck and Trade Well !!