Posted By : Kishore B.S
Nifty is trading sideways, neither breaking the 5900 level nor crossing the life time high. In the short run Nifty looks bearish hence as mentioned on Friday, we recommend to stay away from the market. Today the market has opened positive where SGX Nifty is up by 30 points. If Nifty breaks its resistance on 6100 and closes above that, only then can we take a new position to go long. On the down side if it breaks 6000, then target will be 5940 and 5850. Hence keeping the above points in mind we recommend waiting.