Nifty moved sideways with positive bias and closed slightly up with high volumes and neutral breadth.Important points for today.
1.Nifty up by 0.25% with 0.85 breadth.
2.14th day since the lows of 5177,80th day since the highs of 6338.
Nifty consolidated the gains of previous day and moved in 100 point range.Nifty has formed a double bottom at 5200 and is likely headed towards the resistance of 5650-5750.Pullback in Nifty is expected from around 5700 levels by next week.Since 5700 is considerable resistance, so Nifty is unlikely to cross it decisively in the first attempt in absence of major +ve trigger.
No comments:
Post a Comment