Nifty is at critical juncture with the trading range of close to 200 points for this series. We will see 5840 and we will revisit 6000 levels again. If one of this levels are not revisited then the bias will change in others favor for the next series for e.g. if 5840 is not re-visited assume an upward bias. My personal opinion we will see both the levels this series and close at the mid-point 5950 levels. This is going to be choppy market so, trade accordingly.
Below are Nifty Hourly, Daily and Weekly charts.
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