Stock Markets found a halt of the rally so taken in the previous session led by Iran nuke deal and profit booking took place on higher levels which dragged them down to close in red territory. Nifty future did not hold near 6100 and dropped towards support of 6060.
Index on daily charts is mainly moving in a range 6200-6000 and hence needs a proper breakout to decide the trend further. Strong support from current levels is seen near 100 day EMA of 5970. Major resistance is near 6150.
SUPPORT : 6030 & 5980
RESISTANCE: 6110 & 6150
Source : Trifid Research Pvt Ltd.