Nifty corrected today with moderate volumes and neutral breadth. Important points for today.
1. Nifty down by 1.1% with 0.95 breadth.
2. 705th day since the highs of 6338, 423rd day since the lows of 4531.
Nifty closed at 5850 today. Todays range was 117 points.This week's range stands at 194 points till today.Nifty is now in 5800-6000 range with upward bias.5700 is first major support for Nifty on downside and 5950 is the resistance. Unless Nifty breaks support/resistance , Nifty will move within this range.
1. Nifty down by 1.1% with 0.95 breadth.
2. 705th day since the highs of 6338, 423rd day since the lows of 4531.
Nifty closed at 5850 today. Todays range was 117 points.This week's range stands at 194 points till today.Nifty is now in 5800-6000 range with upward bias.5700 is first major support for Nifty on downside and 5950 is the resistance. Unless Nifty breaks support/resistance , Nifty will move within this range.
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