Daily Technical Analysis

Nifty — The index opened on a flat note and saw range-bound movement throughout the day’s trading session. It ended the day with a loss of 13 points.

Range-bound trading — The index saw range-bound trading throughout the day. The index faces resistance around the 6012 level; intra-day strength can be expected on the index sustaining above 6012 levels. On the downside the index has support around 5894; lower support is around 5826 (10 dma).

Conclusion — Expect intra-day strength above 6012 levels.