NIFTY IS NOW SUCCESSFULLY HOLDING 6000 LEVELS AND TRADING IN MULTIPLE RESISTANCE ZONE. AS PER OPTION CHAIN 5900 IS THE WALL OF SUPPORT AND IMMEDIATE SUPPORT IS 6000 WHEREAS 6100 ON UPPER SIDE REMAINS RESISTANCE. AS WE ARE APPROACHING JULY EXPIRY BULLS WILL TRY TO CLOSE THE NIFTY ABOVE 6050 LEVEL WHICH IS THE MONTHLY RESISTANCE. NIFTY IS IN AN UPTREND AND THE BEAUTY OF THE RALLY IS THAT IT IS NOT BEING LED BY THE BANKING SPACE. MARKETS ARE STRONGLY RESPONDING TO ANY POSITIVE NEWS AND ALL THE NEGATIVES ARE COMPENSATED OR SET OFF IMMEDIATELY BY SPECIFIC HEAVY WEIGHTS. VIX TOO HAS CLOSED BELOW 18 MARK. SO WE ARE OF THE OPINION THAT AS LONG AS 5910 IS NOT BROKEN ONE MUST UTILIZE EVERY DECLINE AS A BUYING OPPORTUNITY. HOWEVER ONE MUST BE VERY CHOOSY IN STOCK SELECTION.
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