Nifty surged past 6000 levels with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 1.15% with 1.4 breadth.
2. 612th day since the highs of 6338, 335th day since the lows of 4531, 14th day since the lows of 5477.
Nifty closed just a tad below 6000 levels. Nifty is bumping into resistance zone of 5950-6100 levels. If Nifty gathers momentum here new highs above 6300 are very much possible but if Nifty falters here, then slide down may come. on the first trading day of May Nifty had a range of 108 points. This quarters range is 542 points till today. May is usually a high volatility month. so Nifty's range within 5477-6111 may break in this month on one side.
1. Nifty up by 1.15% with 1.4 breadth.
2. 612th day since the highs of 6338, 335th day since the lows of 4531, 14th day since the lows of 5477.
Nifty closed just a tad below 6000 levels. Nifty is bumping into resistance zone of 5950-6100 levels. If Nifty gathers momentum here new highs above 6300 are very much possible but if Nifty falters here, then slide down may come. on the first trading day of May Nifty had a range of 108 points. This quarters range is 542 points till today. May is usually a high volatility month. so Nifty's range within 5477-6111 may break in this month on one side.
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