Nifty moved sideways without any direction with moderate volumes and neutral breadth.Important points for today.
1. Nifty up by 0.2% with 0.8 breadth.
2. 535th day since the highs of 6338, 259th day since the lows of 4531.
Nifty managed to close above 6000 levels today.Nifty's wayward movement continues. Breakout above 5950 has not materialized as yet. Nifty should take a decisive turn soon of few hundred points soon.Nifty may be consolidating its move above 5800 since last few weeks for further upmove OR resistance at 6000+ may take Nifty to lower support levels in coming days. January is a volatile month and move should materialize in this month.
1. Nifty up by 0.2% with 0.8 breadth.
2. 535th day since the highs of 6338, 259th day since the lows of 4531.
Nifty managed to close above 6000 levels today.Nifty's wayward movement continues. Breakout above 5950 has not materialized as yet. Nifty should take a decisive turn soon of few hundred points soon.Nifty may be consolidating its move above 5800 since last few weeks for further upmove OR resistance at 6000+ may take Nifty to lower support levels in coming days. January is a volatile month and move should materialize in this month.
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