Nifty moved sideways today with low volumes and neutral breadth. Important points for today.
1. Nifty flat with 0.8 breadth.
2. 670h day since the highs of 6338, 388th day since the lows of 4531.
Nifty closed flat and could not regain the forward momentum of late last week.Nifty surviving above 6000 levels keep it in an upward bias.Staying above 6000, upside doors remain open, but if goes below then bearish possibilities will be looked upon.If Nifty breaksout on upside , current high of 6229 should be broken and 6400-6500 can be seen.
1. Nifty flat with 0.8 breadth.
2. 670h day since the highs of 6338, 388th day since the lows of 4531.
Nifty closed flat and could not regain the forward momentum of late last week.Nifty surviving above 6000 levels keep it in an upward bias.Staying above 6000, upside doors remain open, but if goes below then bearish possibilities will be looked upon.If Nifty breaksout on upside , current high of 6229 should be broken and 6400-6500 can be seen.
No comments:
Post a Comment