Yesterday after a strong upmove towards the key resistance for the week of 6125, markets corrected significantly and closed for the day at 6027.
The range bound move between the levels of 6234 and 5932 is happening right now and there is a good possibility of Nifty to test the lower end of the band at 5932 before further bounce.
The PCR ratio is still neutral at 1.05 and options data is also not pointing to a skew towards any one side.
Resistance levels : 6060, 6095, 6125
Support levels : 6008, 5952, 5932
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