The market looks poised for a bit more of an upside as long as it trades above the support of 5993, in which case the immediate resistance is at 6035 and then at 6061 and 6103.
However if it slips below the support of 5993, then it may further slide to 5957, 5925 and 5885.
Our outlook is bullish and the short-term traders may continue to ride the longs keeping an eye on the specified points of support and resistances and even add to their long positions but with strict stop loss at 5885.
In case of a weakness on account of unforeseen supply the mid-term investors may bid the following stocks as indicated below
Asian Paint 4757.05
HCL Tech 820.15
HDFC Bank 672.05
ITC 333.25
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