Nifty Future:

Last Friday there was a huge short covering in morning session and it was pushed to resistance level of 6269 and at higher levels  got distributed and crashed all the way to 6167, evaporating more than 100 points from the day’s high.

As mentioned in earlier posts, Nifty will continue to face pressure and the whole of this month will find difficult  to moveup  and any pullback will get fizzledout at resistance levels.

For today’s trading, untill it closes above 6250 in 30MTF, the upside is capped and on downside support could come around 6135.

Stock Future:

M&M and PNB are looking weak in Chart and Infy and TCS could moveup.

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Good Luck and Trade Well !!