Nifty....S...5970/5961/5946....R.....6001/6030/6070

Nifty yesterday opened gap down but with some bullish momentum and maintained it till mid session. But later on weakness seen.There was new low but 5946 is not tested. Yesterday's close was with 7th red candle.Nifty is oversold bounce is expected.Today if closed above 6070 then there might be rally for another 1/2 days. At least PAUSE for downtrend is expected today.Let's see. Keep watch on OI of 6000 PE and 6100 CE.

Nifty...S..5992/5984/5946...R....6046/6071

Nifty breaks 6022 and closed in red on 6th day. Now 5946 is crucial.Looking at oversold situation bounce is expected. When?? Market knows.

Nifty..R..6096/6124...S....6059/6022

Yesterday in early session earlier low of NIFTY (6079) was protected but in last session it has broken and closed exact at same level. It rallied towards PIVOT (6149) but did not even touch PIVOT and selling pressure seen there.Now 6022 is important on downside. On upper side 6096 is to be watched.Remember it is negative on weekly basis now but at the same time OVERSOLD too.