Markets opened on negative bias, showed sideways movement till European markets opened after that more selling pressure seen and closed in red. Nifty future found support around psychological level of 6200. On daily charts it moves in an upward channel pattern closing below 6170 may drag it towards 100 day EMA i.e. around 6100. On higher side 6275 is act as major resistance for it only above this some strength is expected towards next resistance of 6320.
TREND: SIDEWAYS :
SUPPORT : 6185 & 6140
RESISTANCE: 6275 & 6320
For More Detail : http://stocktips.org.in/2014/01/stock-mark...ews-07-january/