For the dip nifty should ideally turn from 6025 or if 6025 breaks it may give a target of 6060-6080. strong resistance is placed @6100 .
Key level to watch out for is 6025 . sell nifty @6010 SL 6025 for tgt 5970 or buy above 6025(sustains for 10 mins ) tgt 6060-6080 .
Use this rise to exit longs in stocks to buy again on dips.
One more thing to take into consideration . 50% retracement of last fall from 6340-5690 comes @6020 and rounding bottom break out point is also @6020 . so ideally we expect nifty will not go beyond 6020 . and if break 6020 buy for 50-60 points.
Key level to watch out for is 6025 . sell nifty @6010 SL 6025 for tgt 5970 or buy above 6025(sustains for 10 mins ) tgt 6060-6080 .
Use this rise to exit longs in stocks to buy again on dips.
One more thing to take into consideration . 50% retracement of last fall from 6340-5690 comes @6020 and rounding bottom break out point is also @6020 . so ideally we expect nifty will not go beyond 6020 . and if break 6020 buy for 50-60 points.