Daily Technical Analysis

Nifty — The index opened on a negative note yesterday after which it exhibited strength throughout the day’s trading session. It ended the day with gains of 52 points.

Channel: 15-minute chart — The index is trading positive in an upward sloping channel . Support is seen at the lower end of the channel and resistance around the upper end of the channel. The index has support around 6,080 levels, lower support is around 6,012-5,983 levels. Resistance at the upper end of the channel is around 6,200 levels.

Conclusion — Stay focused on the upside with intra-day support around 6,080
levels