Nifty Upside Target 6130 - Inder Bhatia

Nifty is moving in channel with 5970 as strong support of channel and an upside resistance of 6130 If it breaks below 5970 we could test lower side 5880-5850.

Nifty Could Test 4900, if 5550 Not Broken - AP

The Nifty is at the top of the channel. If it breaks 5550 and 5625, we are then looking at a new trend and the targets would be higher. However, the bias is toward the lower end of the channel. If the above channel's upper trendline is now broken, then within a few weeks Nifty could test 4900 levels soon.