Nifty bounced strongly today with moderate volumes and +ve breadth. Important points for today.
1. Nifty up by 1.5% with 1.8 breadth.
2. 575th day since the highs of 6338, 299th day since the lows of 4531(62nd week ongoing),31st day since the swing highs of 6082,
Nifty bounced strongly today to close above 5750 levels. Nifty took support at 5650-5700 levels. 5850 is the next resistance levels.Nifty may pullback from there, but if Nifty hovers around that level for few days, a strong upmove may be possible.On the bear side,6000-6100 may be reversal point of this pullback. Monthly range for March now is 127 points till today.
1. Nifty up by 1.5% with 1.8 breadth.
2. 575th day since the highs of 6338, 299th day since the lows of 4531(62nd week ongoing),31st day since the swing highs of 6082,
Nifty bounced strongly today to close above 5750 levels. Nifty took support at 5650-5700 levels. 5850 is the next resistance levels.Nifty may pullback from there, but if Nifty hovers around that level for few days, a strong upmove may be possible.On the bear side,6000-6100 may be reversal point of this pullback. Monthly range for March now is 127 points till today.
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