Nifty future is in consolidation phase and market will try to give its one side movement . We have positional resistance at 6300 level. now support level at 6102 level. Reliance is giving some positive signals now and market may react positive with reliance. Reliance is such heavy weight that it can make market move with its moves.
bulls and bears both have similar strength at this moment and market is supporting both of them. 6100 is caution level for bulls and 6222 is caution level for bears.
Stock to watch :
Reliance is looking good above 1080 level and it can blast further if sustain 1088 level . Down side 1058 is good support level.
Reliance can move whole market with its move so be cautious and before trading any other stock or index watch reliance levels.
Wish you very happy trading session ahead !
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