Daily Chart
Daily Chart II
6000 conquered but not all sectors participated. Breadth was negative.Volumes were good but declining volumes more than advancing.The nifty is highly overbought with a straight upmove of 700 points from the low of 5350. Booking partial profits or hedging one's portfolio would be prudent.
Pattern targets are shown on chart II.
Resistance is at 6033-6055-6200 and Support at 5962-5935-5905.
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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