The first day of the week and the quarter started with a bang - Nifty Future up 2% and closed at 6176, that is near the high of the week suggesting firm opening tomorrow.
On higher side 6200 could act as a resistance hence long position should be trailed with tight stop loss. In case market shows weakness, one can go short with stop loss of 6215. Alternatively, one can go short below 6130 with stop loss of 6175. On the down side, it will find support at 6100 - 6075 and 6025.
All the best.
All the best.
