Markets opened on a good note but thereafter witnessed continuous selling towards their near support levels and finally closed on a flat note with negative bias. Nifty future is in bearish phase since consecutive four days and now 100 day EMA of 6143 may decide the trend further as any closing below this will continue selling where 6050 is seen as major support. On higher side, 6200 is strong resistance. Key events seen ahead are FOMC meet and Jan F&O Expiry.
SUPPORT: 6080 & 6060
RESISTANCE: 6170 & 6210
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