Nifty: Resistance 5945/5959/5994/6006/6036/6060
Support 5880/5840/5820-5813/5802
Nifty opened gap down, made lower top lower bottom throughout the day, but managed to close above 5900 in the end. Nifty Price and OI indicate long unwinding.... but a short covering rally cannot be ruled out. For today, expect nifty to ope flat & to trade in a broad range of 5880 - 5959. Either side break will bring further movement in Nifty. Immediate strong support @ 5880 [spot] & nifty fut has strong resis @ 5959, crossing & sustaining above it , nifty may see further rally towards 5990++ zone.
Over all view still remains bearish.
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