Nifty moved sideways around 5900 with low volumes and -ve breadth. Important points for today.
1. Nifty down by 0.5% with 0.58 breadth.
2. 580th day since the highs of 6338, 304th day since the lows of 4531, 8th day since the swing lows of 5693.
Nifty closed in the red but above 5900 levels. Unless Nifty closes below 5800 levels, bias will remain on upside for the near term.Nifty is currently up against strong resistance zone of 5950+.
1. Nifty down by 0.5% with 0.58 breadth.
2. 580th day since the highs of 6338, 304th day since the lows of 4531, 8th day since the swing lows of 5693.
Nifty closed in the red but above 5900 levels. Unless Nifty closes below 5800 levels, bias will remain on upside for the near term.Nifty is currently up against strong resistance zone of 5950+.
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