#197 Nifty Update: Critical Range 6164-6328

All of sudden was drawing trend-lines on weekly nifty chart and came across two lines which are guiding nifty’s road. After market Inflation was announced which has eased with higher margin compared with last month but i guess last hour move of Nifty cld have discounted that. Technically indicators have all of sudden spurt up on daily chart but not much change on weekly chart. We would ask traders to keep 6164-6328 range in mind for this week as they are the guiding lines as you all could see in the chart

Our Strategy: We are intact with our SELL call on NIFTY where safe traders SL at 6358 and Risk traders at 6450

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