Late hour selling in the Indian markets were just the same as it was seen in the Korean Markets. Korean Index Kospi tanked nearly 3% in the last few minutes of trade. Nifty also sinked nearly 81 to close at 6194 and Sensex fell down 286 to close at 20589. Chart suggest that the Nifty has made a double top formation and corrected from the same levels. As mentioned in my earlier article also the Nifty will face resistance at 6340 levels and it corrected from almost that levels. Nifty will fall down to find support only at 6144 levels. Fall below the same will take the Nifty to 6114.
Sell SBI below 3166 SL 3175 tgt 3142-3133.
Sell Ril below 1077 tgt 1066-1063.
Sell Relcap below 814 tgt 801.
Sell Idbi below 193 tgt 189- 180.
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