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Why Nifty 6100 is an Important Level?

While writing this post we have taken into account the complete monthly data from 1993 onwards till date and you can see the year in the X-axis of the chart. As you can see that since year 2003 Nifty has been in a bullish uptrend and this uptrend continued till 2008. However for a brief period year 2009 saw a fall which took support at 2500 level and since than Nifty again got into a bullish path which again got a support at 4500 levels.

Thus for surety one can say that Nifty crossing 6100 levels with volume is an important aspect to be followed by the stock market traders. Thus long term traders can heave a sigh of relief as likely support points for Nifty exist at 5500-5000-4500 levels and in worst scenario; only we will see Nifty falling to 4500 level. Thus enjoy the bull ride as market always moves with ups and downs or crests and troughs as it is not a linear chart. However crossing 6100 level with volumes means that we can head for 7500 levels else we will be meandering between Nifty 6100-4500 levels.

Keep your eyes initially for Nifty finding support at 5450 level which is going to act as a first deep support and thus it makes sense to use our best intraday tip which is a single call for the day and get quality profit every day in the stock market. However if you have a penchant to hold the stock than our short term stock tips is the ideal bet which are given with a short term perspective and you get good profit per call with limited period of holding.

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Chart> Nifty A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0-9