Nifty entered in new channel range will be 5900-6100 …This chart is showing that 5900 is very strong support bed …so possible retracement may be upto 5915 -5900 but upside is easily reachable to 6100 …bollinger opened its face …showing momentum is there ..though ended making hanging man and rsi at 70 but we have to wait for confirmation of reversal other wise looking up towards 6100 …
Horizontal channel visible at chart
Nifty entered in new channel range will be 5900-6100
