Nifty retained 5800 levels and closed in green with lower volumes and neutral breadth. Important points for today.
1. Nifty up by 0.8% with 1.05 breadth.
2. 709th day since the highs of 6338, 427th day since the lows of 4531.
Nifty closed just below 5900 and moved in 76 point range. Nifty is again heading into 5950-6000 resistance zone from where it has corrected 3 times by about 100-150 points. If Nifty gathers momentum to cross 6000 level than it can run to 6300 levels with minor resistance at 6100 levels. Upside look more probable than downside as of today. Weekly range remain at 159 points and monthly range at 639 points.
1. Nifty up by 0.8% with 1.05 breadth.
2. 709th day since the highs of 6338, 427th day since the lows of 4531.
Nifty closed just below 5900 and moved in 76 point range. Nifty is again heading into 5950-6000 resistance zone from where it has corrected 3 times by about 100-150 points. If Nifty gathers momentum to cross 6000 level than it can run to 6300 levels with minor resistance at 6100 levels. Upside look more probable than downside as of today. Weekly range remain at 159 points and monthly range at 639 points.
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