In the opening session, Nifty Future traded firm and made a new high @ 6048 - may be just marginally higher but enough to mark the importance of Gann turn date and it can also be categorised as a double top. Immediately after firm opening, Nifty Future retraced to make a low of 5953. In doing so, after many days it managed to break previous day low, and forming an 'outside bar' - indicating that fresh long position should be created above 6048 and fresh short position should be created below 5953.
For tomorrow, one can consider going short below 5975 with stop loss of 6000. On the down side, it will find support at 5940 - 5890 and 5840.
All the best.
All the best.
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