EOD 21st Oct

Today's upmove in the markets was strong above the previous selling area at 6077 and met a bit of resistance at the weekly POC at 6159 regions where the previous seller operated from who took the markets to 5985 levels.



6160 NF represents the middle of the bracket we are observing between 6080-6250 NF and an upmove above 6160 tomorrow shopuld take the market to 6220.

There was once more evidence that price and profile below 6080 had been rejected and 6001 NF held.



In the Bank Nifty we saw a strong defense of the 12225 level and strength above 12370 levels.If the current trend continues, we see 12700 in the index next.