The intra-day traders may note that the settlement of F&O of May series is on this Thursday and market may tend to be volatile. That being said, the 5992 point is to be watched today and if Nifty crosses this point with good volumes from the beginning then it may go up to 6028 and 6085 where it will face resistance. However after an initial pull up the market may come down as the supply pressure does not seem to be over as yet and if the immediate support of 5963 is breached then it may again test the support of 5942 which remained unbroken on Friday on closing basis. If the 5942 support is taken out then it may be headed towards 5853 and 5764. Positions may be squared off at the end of the session.
For the mid term investors any dip may be utilized to accumulate the key stocks in small quantities.
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