Nifty opened around 5700 levels but recovered to close above 5750 with lower volumes and +ve breadth. Important points for today.
1. Nifty up by 0.8% with 1.4 breadth.
2. 718th day since the highs of 6338, 436th day since the lows of 4531, 24th day since the swing lows of 5118, 8th day since the swing highs of 6142.
Nifty bounced up from 5700 levels today. Nifty has taken gap support and bounced up. Next resistance if an upmove has started come at 5950-6140-6300. Today's range was 86 points.Next 2 days of the week will clear up where Nifty wants to go in next 2-3 weeks.
1. Nifty up by 0.8% with 1.4 breadth.
2. 718th day since the highs of 6338, 436th day since the lows of 4531, 24th day since the swing lows of 5118, 8th day since the swing highs of 6142.
Nifty bounced up from 5700 levels today. Nifty has taken gap support and bounced up. Next resistance if an upmove has started come at 5950-6140-6300. Today's range was 86 points.Next 2 days of the week will clear up where Nifty wants to go in next 2-3 weeks.
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