Nifty moved in 52 point range with low volumes and closed flat. Important points for today.
1. Nifty flat with 1.0 breadth.
2. 636th day since the highs of 6338, 359th day since the lows of 4531.
Nifty was trendless today and closed flat.Breach of 5950 has not seen Nifty gaining any further momentum. sideways with upward bias seems likely for next few days now. 6100 is the resistance and 5650-5700 should be support. since Nifty has only marginally broken the support of 5950 so if no further damage done in price by Nifty , then short term Nifty may look up. Weekly range is 128 points till today.
1. Nifty flat with 1.0 breadth.
2. 636th day since the highs of 6338, 359th day since the lows of 4531.
Nifty was trendless today and closed flat.Breach of 5950 has not seen Nifty gaining any further momentum. sideways with upward bias seems likely for next few days now. 6100 is the resistance and 5650-5700 should be support. since Nifty has only marginally broken the support of 5950 so if no further damage done in price by Nifty , then short term Nifty may look up. Weekly range is 128 points till today.
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