Nifty to face resistance at 6100-6110 - Aditya Birla Money

Post opening, index faced resistance around 6120 zone & consolidated between 6070-6120 with a negative bias.

For the day, index would continue to face resistance at 6100-6110 zone & failure to cross & sustain above it can lead the index to retest support zone of 6040-6030.

However, a crossover above 6110 may lead the index to higher levels of 6140/6169.

Daily momentum continues to be negative while the weekly momentum continues to be positive; Hence index is like to face stiff resistance & selling pressure from higher levels.

Source : Equity Bulls

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