Approaching towards support of 6080 lvl. Cover short and wait for next trade. Avoid fresh short now may get trapped.

Ø  Conclusion with respect to last trading day. 

Ø  We are in SELL mode in NIFTY since 5^th November once it breached its 6348 low and now we are below its 10 double EMA placed at 6360. 

> Cover short as we are now at the imp support area of 6080 lvl and wait for the next trigger. Trading above 6190 Future and 6145 spot will indicates down move is paused or over. 

Till that time now it’s a no trading zone. Cover short near 6080 and wait for the next trade. In last 5 days we have been observing consistent 3 black crow bearish pattern. 

Today, 6160 is the crucial intraday level for Nifty.

If Nifty sustains below 6160 , then it could test 6080 and below that level it could test 6030. 
Instead, if Nifty trades above 6160, then it could test 6190.