- Nifty futures trading above 6091 will be positive for the index.
- If sustains above this level NF should move to the top of the range or to the top of the broadening pattern.
- The support line of the broadening pattern gives support.
- But things will favour bulls only if it trades above 6091. I am expecting NF to get resisted around 6091 levels and test the support area of 5939 - 5961 during this week.
- A sharp recovery is possible only if NF trades above 6091 with good volumes.