Indian Stock Markets for Tomorrow 06-Jan

Today Indian Stock Market opened on a negative notes and traded choppy throughout the day. After two days of modest losses selling pressure intensified throughout the trading session which led the Nifty to close near its low at 6,079.80, with 66.55 pts loss, and Sensex 20301 with 198 pts loss.

As Nifty closed below 6,100 level, negative bias is likely to continue in next trading days. For intraday trading tomorrow the trend deciding level is 6,090. If Nifty shows strength above 6,090 levels, then rally to 6,120/6,150 levels may be seen. On the downside if Nifty fails to trade above this levels then selling pressure till 6,050/6,000 levels may also be seen.

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