Nifty moved in a very narrow range with low volumes and neutral breadth. Important points for today.
1. Nifty flat with 1.15 breadth.
2. 549th day since the highs of 6338, 273rd day since the lows of 4531.
Nifty moved in 27 point range today. If Nifty manages to close above 6100 levels, then 6200+ levels could be seen soon in Nifty after that. Monthly range till now remains at 166 points. Last quarter range was 417 points,while half yearly range was 933 points. This low range sideways movement with upward bias may not be moving much but it is making a good base for Nifty around 6000 levels.
1. Nifty flat with 1.15 breadth.
2. 549th day since the highs of 6338, 273rd day since the lows of 4531.
Nifty moved in 27 point range today. If Nifty manages to close above 6100 levels, then 6200+ levels could be seen soon in Nifty after that. Monthly range till now remains at 166 points. Last quarter range was 417 points,while half yearly range was 933 points. This low range sideways movement with upward bias may not be moving much but it is making a good base for Nifty around 6000 levels.
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