Intraday Updat 1

We were out of trade.Thanks god. Technical levels saved us.
Nifty spot currently @ 6277...Weekly R2 6282..
Nifty future..currently @ 6313..if trade above 6315 decisively then new high possible else market may give up some gain which achieved in gap up opening

Nifty....S....6140/6115....R......6173/6197/6212

As said on 2 Dec Nifty couldn't sustain at higher level and was in narrow range for first 2 days of the week.Yesterday 6200 broken.Now Monthly and Daily is negative at the same time if tomorrow close below 6208 then weekly momentum will add additional force to SELL ON RISE. On down side 6111 and 6071 should be watched.Those are the 50 and 61% retracement numbers of rally from 5973 to 6229.

Trade Sheet

Monthly Trade Sheet