Week Ahead : Nifty has resistance at 6000 and 6100 levels:: ICICI Sec

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Previous Week : Nifty broke important support of 5930
	Profit booking continued for second week running in our markets in a very volatile week. The Nifty broke important support of 5930 and closed below it on weekly basis, shows some more pain is yet to come. Foreign portfolio investment in Indian equities has been subdued over last few sessions, displaying a cautious stance alongside global cues after jitters caused by Ireland's debt problems. China raised banks reserve requirements by 50 basis points, effective November 29, 2010 the second time in two weeks which showed early signs of slowdown affecting commodities market.
		Financials dropped as investors booked profits after the sharp gains
		so far this year
		The banking sector index BSEBANK was down 1.5% on Friday, but
		was still up 37.5 percent in 2010
		The fiercely competitive mobile phone industry has been beset by a
		new wave of regulatory uncertainty stemming from a possible probe into 2G spectrum license allocations that a government audit says were awarded too cheaply
		On weekly basis, Sensex was down 2.8% and closed at 19585 while
		Nifty gave up 3% to settle at 5890
		Selling in heavyweights like Reliance Industries, SBI, ICICI Bank
		showed the markets southern direction
Week Ahead : Nifty has resistance at 6000 and 6100 levels
	We may witness volatile days ahead as we approach towards lower end of our trading range between 5750-6400. The liquidity in global markets will stay high, but uncertainty over sustained economic recovery is affecting global indices. A brief rally in oil prices earlier in week also added to the fear.