Nifty may face resistence at 6120-6150: Emkay

Emkay Equity Advisory market outlook:

Market ended in green on account of positive global cues. The 5 DMA at 6030 will act as a strong support for Nifty. Resistance for Nifty is seen at 6120/6150 and a close above this level will further extend the rally up to 6200/6220 levels. First sign of weakness can be seen only if Nifty closes below 5900 until then every dip can be considered as a good buying opportunity.

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