Nifty moved in 100 point range with moderate volumes and neutral breadth. Important points for today.
1. Nifty down by 0.3% with0.75 breadth.
2. 714th day since the highs of 6338, 432nd day since the lows of 4531, 20th day since the swing lows of 5118.
Nifty tested lower 5800 levels but closed above 5850.Todays range was 99 points and weekly range now stands at 178 points. Nifty has not retraced the move from 5798-6142 in time ,it took to go up. If Nifty has bottomed over here then 5950/6050 are the next resistance levels for Nifty.
1. Nifty down by 0.3% with0.75 breadth.
2. 714th day since the highs of 6338, 432nd day since the lows of 4531, 20th day since the swing lows of 5118.
Nifty tested lower 5800 levels but closed above 5850.Todays range was 99 points and weekly range now stands at 178 points. Nifty has not retraced the move from 5798-6142 in time ,it took to go up. If Nifty has bottomed over here then 5950/6050 are the next resistance levels for Nifty.
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