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Nifty update (spot level)

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1. It was clearly visible that nifty was facing resistance at 6160-6140 , nifty again failed to sustain above 6120
2.we can also see valid trend line breakdown on RSI , which is now indicating weakness .
2.Nifty has taken support of Speed fan at 6080 level
3.Now important resistance level is 6120 and support is 6070 if it fails  to sustain  6070-6040 we can witness further weakness till 6005-5975 on next trading session .
4.So one  can sell nifty with the sl of 6125 on spot level for the target of 6040-6005-5980
5.It may gain some strength only if we close above 6145 .

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