Nifty Intraday Outlook For Mon 06-Dec

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After four days of positive run, Nifty exhibited a ranged show today and closed below the vital sentimental support level of 6,000. The breadth of the markets was not strong today as there were no major positives to support the market. Nifty has the main hurdle at 6,065 levels and for the upside to continue it has to move above this level while the supports can be seen at 5,935 levels.

For intraday trading on Monday the benchmark indices suggest that if Nifty manages to trade above 6025 then rally to 6055 / 6080 / 6100 can be seen. On the downside if Nifty fails to trade above this level then 5,960 / 5,935 levels may act as support for the day.

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