Nifty Future Market Trend and Solutions

The 50-share Nifty index is expected to open flat on Monday following muted trend seen in other Asian markets. Tracking the momentum, the index is expected to retest its crucial psychological level of 6,150 in trade today. 

The Nifty index breached the support levels of 6280 and is now trading near its make or break levels of 6230. If it immediately manages to bounce back respecting the level of 6230 then there may be attempts to test 6280-6300 levels, say analysts.

"However, the level of 6,300 would now serve as a stiff resistance and Nifty me yet again succumb to selling pressure which may take it down till 6,125 which is now the next important support to watch out for."

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