We may see Nifty to trade lower in range of 5943 to 6033, we suggest you to enter a buy position, as this is only opportunity to buy the bluechip stocks. But be cautious as Nifty has broken below its 50DMA and is more likely to witness 5945 levels. Trade cautiously, as markets may witness huge volatility.
Nifty Trading Levels:
Resistance : 6033 / 6064
Support : 5987 / 5943
Our Trading Outlook: Buy Nifty Future near 5955 levels for the target of 5990 and 6033, the 6033 level will be strong resistance and will be difficult to cross it. Stop loss for this position must be placed near 5925.