- Buy Nifty above 6140 with stop-loss of 6109 for the target of 6200

- Sell Nifty Below 6098 with stop-loss of 6121 for the target of 6055

# all spot levels

more.....

Nifty opened flat but witnessed some more profit booking during the day. It made a low of 6102 and ended at 6114 with a loss of 0.70%. The Advance Decline ratio was almost 1:2. 

Nifty has corrected almost 50% of its recent rally from 5970 to 6229. But we maintain bullish view on Nifty with our short term target of 6465. Thus this correction is a good buying opportunity. On the downside, it has strong support at 5970 and below that 5790 for short term.