Nifty update
1. Today it was clear that bulls were loosing their control on momentum.
2.After a doji close on 21-10-2013 , they was no strong follow up session by bulls .
3. Supply was witnessed at 6210-6215 level.
4.On Daily chart we can see negative divergence on ADX , it means we may see change in trend , but not yet confirmed .
5. We can also see raising wedged sentiment formation , result may be an impulse fall .
6. Gap down action is quite needed at this stage .
7.We can also see spinning top formation , which gives the message of weak momentum .
8 6231 may act as resistance and 6166 a crucial support zone
