Nifty showed weakness in the intial hour of market opening , however in the next hour decline halted and it took support at 6130 [major support] and recovered its entire day's downfall and tested its 50% retracement coming at 6174 of its previous decline from 6415 to 5933.
There is a falling window resistance at 6188 to 6262.
50 day moving average is coming at 6179.60.
Nifty levels on the up side, 6200,6230, 6260.
Nifty levels on the down side 6180, 6160, 6140, 6130.
Nifty may remain range -bound.
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