Nifty after making a high of 6222, is in a corrective mode. Going by the previous rally, which started of from the low of 5963, has not seen a correction since then. The sharp nature of the rally invites initially a slow correction which would be followed by a sharp correction.
Positional Traders can short Nifty futures at 6200 for a target of 6050 with a stop at 6250. The target can be achieved in another 5 trading sessions.
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