Nifty continues to be in neutral mode on Hourly and Buy mode on daily charts. The crucial level to maintain is 6060 for the bullishness and 5980 for the structure to remain bullish.
The index is showing signs of consolidation instead of any breakout as of now. The major level to watch is action at 6100 which is an important fibonaci cluster here.
Though the Hourly Daily structure indicates that some spurt can be there. This particular setup is the D60-H40 and I will write about that later on.
Bank Nifty is Sell Mode on Daily charts after break of 11500 levels.
Reliance is in Lev Buy on Hourly and Daily charts with support at 1060 levels for Hourly charts.
See more details Sectors here and about Color here.
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