Nifty likely to move in the range of 5800 and 6150 - Microsec

After starting with a green session, the benchmark Nifty fell to make a weekly low of 5910.95 on Tuesday and then it rose to make a weekly high of 6066.85 on Friday. At last it ended the week with a net gain of 0.34%.

On the sectoral front, FMCG, Oil & gas, Auto and Information technology stocks were on the buyers' radar. However, Realty, Metal, Banking and Capital goods stocks traded lower.

Now, Nifty is expected to move in the range of 5800 and 6150 and a breach of 6150 would open the gate for 6250 in extreme short term.

Source : Equity Bulls

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