Nifty had a good run up last week, gaining whatever was lost the previous week and now has reached a neutral level from where it is likely to consolidate before another move.
Options data saw huge increase in OI in all the near strike puts. With PCR remaining at 1.26, overall markets is showing bullish bias.
The immediate resistance is around 6080 and on a break of that Nifty can move up to 6150 levels.
It is likely to hover in the range of 5885 to 6150.
Resistance levels : 6037, 6085, 6151
Support levels : 5961, 5921, 5885
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