Nifty moved in a narrow range with low volumes and neutral breadth. Important points for today.
1.Nifty down by 0.45% with 0.7 breadth.
2. 484th day since the highs of 6338, 210th day since the lows of 4531.
Nifty again backtracked from around 5720 levels to close below 5700 levels.In this rangebound move Nifty has not broken 5630 on lower side and finding 5730+ as resistance on higher side.Break of this range should bring some trading opportunities, though I expect Nifty to break on upside in coming days.Monthly/Weekly range is 182/63 points till today.
1.Nifty down by 0.45% with 0.7 breadth.
2. 484th day since the highs of 6338, 210th day since the lows of 4531.
Nifty again backtracked from around 5720 levels to close below 5700 levels.In this rangebound move Nifty has not broken 5630 on lower side and finding 5730+ as resistance on higher side.Break of this range should bring some trading opportunities, though I expect Nifty to break on upside in coming days.Monthly/Weekly range is 182/63 points till today.
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