Nifty showed an immense momentum strength for 5th consecutive week with positive market breadth. Nifty's long term trend along with short term trend is up. Bulls are in control at the moment. However, Nifty has some resistance in 6,200-6,350 levels and some profit booking may be seen from these levels. Therefore traders should be cautious. For trading during the coming sessions, trend deciding level is 6,150 If Nifty shows strength above 6,150 levels then we may see rally to 6,200/6,250/6,300/6,350 levels. If Nifty doesn't sustain above 6,150 levels then decline to 6,050/6,000/5,950/5,900 may also be seen.
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