Nifty bounced towards 5650 levels with moderate volumes and +ve breadth. Important points for today.
1. Nifty up by 0.8% with 2.25 breadth.
2. 684th day since the highs of 6338, 402nd day since the lows of 4531.
Nifty moved up for the 2nd consecutive day.Nifty hit into the resistance zone of 5650 today. Some Pullback is expected now. If Nifty doesnot breach 5450 zone and crosses 5700 levels , then upper end of this range is 6100 currently where Nifty can move in next few weeks. Today's range was 87 points, Monthly range stands at 322 points currently.
1. Nifty up by 0.8% with 2.25 breadth.
2. 684th day since the highs of 6338, 402nd day since the lows of 4531.
Nifty moved up for the 2nd consecutive day.Nifty hit into the resistance zone of 5650 today. Some Pullback is expected now. If Nifty doesnot breach 5450 zone and crosses 5700 levels , then upper end of this range is 6100 currently where Nifty can move in next few weeks. Today's range was 87 points, Monthly range stands at 322 points currently.
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