Intraday Update 2

NF...not breaking 6200 . ..2 attempts failed...6200 PE ..OI not much shedding

NF if trades above 6220 then will review short position

Intraday Update 1

NF ...ORB range was 6211/6234.....now 6211 broken...6194 as well as 6185 50 % retrace and WEEKLY 5EMA no. also brokem...short position maintaining
Will review @ ns 6142. On upper side 6208 IMP.

Nifty...S.....6200/6194/6142...R...6250/6270

Yesterday too NIFTY closed with red color.As said earlier 6400 is strong resistance.Now resistance set at 6300.OI in 6300 CE are increasing at the same time support is at 6200. OI in 6200 PE are increasing, but if it breaks decisively then 6000 is the support. 6194 and 6142 are the 50 and 61 % levels of rally from 5973 to 6415.
Monthly is SELL ON RISE with last month close below MONTH HEMA. WEEKLY is positive with last WEEKLY close above WHEMA. DAILY is NEGATIVE with close below DLEMA (6256) as well as below 5DEMA (6275). So now today's WEEKLY close is important. 6293 is WHEMA and 6185 is WEEKLY 5 DEMA.

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