Nifty moved around 5850 with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 0.5%.
2. 660th day since the highs of 6338, 378th day since the lows of 4531.
Nifty closed the week with a gain of 0.4%. This was second consecutive up week of Nifty. If Nifty survives next week on a +ve note, then there is a good chance of Nifty heading to 6300+ over next few weeks. 5900-5950 remain resistance point for Nifty while 5750 will be support point on downside, breach of which may take Nifty to 5500 levels. Bias remains +ve at the this point.With July Nifty has started a New Quarter/half year. This week's range was 144 points.
1. Nifty up by 0.5%.
2. 660th day since the highs of 6338, 378th day since the lows of 4531.
Nifty closed the week with a gain of 0.4%. This was second consecutive up week of Nifty. If Nifty survives next week on a +ve note, then there is a good chance of Nifty heading to 6300+ over next few weeks. 5900-5950 remain resistance point for Nifty while 5750 will be support point on downside, breach of which may take Nifty to 5500 levels. Bias remains +ve at the this point.With July Nifty has started a New Quarter/half year. This week's range was 144 points.
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