The best way deal with this kind of markets is to follow the levels & trade on both sides of movement, rather than leveraging & betting unidirectional. This week moving on higher side bulls have a barrier at 6255 level, crossing and sustaining above this level will open doors for 6287-6314-6345 levels. If in coming days, we see markets sustaining above the level of 6255 and giving consecutive close above this level, then we can expect a sharp upside, but chances are less. Contrary to this upside move, if Nifty fut reverts back from above given resistance levels, then on lower side it has support at 6160 level, breaching below this and sustaining will make it slide down to the levels of 6110-6065-6030. 6030 level being the major support on downside, & if this level is breached on closing basis then expect bears to get an energy booster for further movement.
In current scenario immediate Nifty fut range looks like 6030-6255 & a broader range can be 5770-6345.
