Nifty opened gap up above 6100 levels and moved around it with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 1.25% with 1.15 breadth.
2. 442nd day since the lows of 4531, 31st day since the swing lows of 5118, 15th day since the swing highs of 6142.
Nifty closed just below 6100 level after opening at 6100. Today's range was very narrow with 61 points. Today's action was contained in the first 30min bar. Nifty may undergo a correction in 6100-6200 zone. Depending on Whether correction is shallow, Next upmove may come. No signals of reversal as of yet. Weekly/Monthly range now stand at 286/407 points.
1. Nifty up by 1.25% with 1.15 breadth.
2. 442nd day since the lows of 4531, 31st day since the swing lows of 5118, 15th day since the swing highs of 6142.
Nifty closed just below 6100 level after opening at 6100. Today's range was very narrow with 61 points. Today's action was contained in the first 30min bar. Nifty may undergo a correction in 6100-6200 zone. Depending on Whether correction is shallow, Next upmove may come. No signals of reversal as of yet. Weekly/Monthly range now stand at 286/407 points.
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