In yesterday's trading, Nifty Future opened at yesterday's level and managed a high of 6321 in early trades. Thereafter, it maintained a downward bias and saw a sharp fall in the 2nd session to a low of 6209 and closed at 6233.
Please note that 6180 - 6200 range is a good support area. Coupled with that, Friday effect tomorrow may help Nifty Future to bounce back to 6280, hence at lower levels - be cautious of short positions.
In case Nifty Future breaks 6180 level, it will find support at 6155 - 6125 and 6100. Unless there are some external events, I don't think 6180 will be broken tomorrow, in view of the multiple supports as indicated above.
All the best,
All the best,
