The intra-day investors might have noticed that our predicted support of 5942 held on closing basis thus preventing an all out carnage. The Stochastic charts have started give signs of bullish resurgence. The moving average convergence divergence charts have not turned bullish as yet. But in light of the settlement of the F&O series in tomorrow's session, the market might as well go dull. However, the deciding point for future course is the resistance of 6118, which if conquered with good volumes may see the benchmark index to go up to 6141 and 6170. In case if it fails to conquer 6118, then it may consolidate with 6082 and 6009 as immediate supports.
The mid term investors may start selling the non- performers in their portfolio in case if the resistance of 6118 is conquered and market goes up and accumulate the key stocks if it goes down.
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