In today's trading, Nifty Future opened with a gap and made a high of 6248 in the first hour of trade but there after, remained weak through out the day to make a low of 6175 and closed at 6186. The EOD candle for Nifty Spot and Sensex represent a Shooting Star but not so in case of Nifty Future. The day's close does indicate weakness but considering the bullish strength shown for the past week, one needs to be cautious for short position - at least for tomorrow. I guess, we should have better clarity after tomorrow's trading.
For tomorrow, one can consider going short with stop loss of 6215. On the down side, it will find support at 6150 - 6100 and major support at 6065 (Trend Line shown on the EOD chart).
All the best.
All the best.
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