Expect market to remain choppy: R K Global

According to a report by R K Global, Nifty Future ended on a flat note at 6039.55 with a hanging man candle. It failed to sustain above 6050 level and closed at midpoint of the day. Candle pattern suggests 6050 is the key level for further movement while 6150 is the next destination.

We recommend clients to hold long, while selective strengths can be picked on dips around 6000/5950 level. Intraday movement along with index breadth suggests possibility of consolidation.

We expect market to remain choppy with a positive movement. We recommend traders to remain positive on market and buy on dips. We still expect 6150 is quite possible, so traders should hold longs.

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