Nifty seems to be trapped between 6250 and 6350 as of now but narrow day today suggests that Nifty could be moving out of this range in couple of sessions. Probability of breakout on the upper side is greater as of now and we maintain short term targets of around 6420 for Nifty. However two continuous close below6300 may weaken the rally. for today 6305 will work as trend decider level, if nifty future sustain above it than may rally upto 6350-6400, below this nifty may slide upto 6250. level of 6240 seems a weekly support for nifty future.
NIFTY SUPPORT & RESISTANCE:-
SUPPORT: 6261-6246-6222
RESISTANCE: 6299-6323-6338
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