According to Dolat Capital, Nifty may face resistance at 6000.
Dolat Capital's Derivative Report:
Nifty saw a gap up opening and continued its upward movement on the back of short covering. Major short covering was seen in capital goods, auto, power, metals while fresh longs were added in technology stocks. The volumes were better than the last couple of days.
Nifty options data suggest resistance around 6000.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click here
ADS BY GOOGLE
video of the day
Budget 2015-16: Revive capex through savings on cheap crude says Kotak Sec