Trend was not clear and nifty spot is facing stiff resistance at 6044 level. Down side as we expected we have support at 5940 level. below this level nifty will see 5911 very fast.
Upside 6044 is very stiff resistance. for any long position in nifty one should wait for nifty spot to sustain atleast 10-15 minutes above 6044 level.
Be very cautious in today's trading session . today is last day of the week and nifty is direction less. We are expecting 6044 and 5940 range in today's trading . Trend will be decided only out of this range.
Stock to watch
HDIL
HDIL has made double bottom in yesterday's trade and now above 244 it will show 252 range soon.
have a look on HDIL if crossing 244 and sustain. next resistance 252. Support at 230.
DLF
DLF has very strong support at 302-300 for swing traders. Eyes on this level . DLF can take support from this level and if crossing 326 level closing bases then it may be a very good buy with stoploss 302 level.
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