Nifty for 07122010: Nifty yesterday opened up and traded higher and future reached to a high of 6094. A bullish breakout. Means markets have to go up and reach 6250 but this steam was lost in the after noon trading and nifty closed flat with a red colour. Nifty future shed open interest a little bit means weakness. FII sold in cash, F&O index futures, but bought in cash futures. US markets covered the fall and closed flat. Now Asian markets are flat to red.  Nifty if falls now means medium to long term fall. If nifty breaks 5950 a fall that may result in breaking of 5700 and to a first target of 5555.