- Buy Nifty above 6140 with stop-loss of 6109 for the target of 6200

- Sell Nifty Below 6064 with stop-loss of 6096 for the target of 6055

# all spot levels

more.....

Nifty opened positive and made a high of 6147, but it could not sustain on higher levels and started making lower tops and lower bottoms. It made a low of 6074 and ended at 6094 with a loss of 0.32%. The Advance Decline ratio was almost 4:9.

Nifty has corrected almost 61% of its recent rally from 5970 to 6229. But we maintain bullish view on Nifty with our short term target of 6465. Thus this correction is a good buying opportunity. On the downside, it has strong support at 5970 and below that 5790 for short term.