Nifty moved in very narrow range around 6100 levels with lower volumes and neutral breadth. Important points for today.
1. Nifty down by .05% with 1.05 breadth.
2. 443rd day since the lows of 4531, 32nd day since the swing lows of 4531, 16th day since the swing highs of 6142.
Nifty closed flat after moving in 42 point range. Last 3 days range is quite narrow between 40-60 points. Nifty remains in uptrend but momentum is not supporting strong upmoves here in this resistance zone. Any correction may take Nifty to 5950 levels that is the first main support. Monthly range now stands at 424 points.
1. Nifty down by .05% with 1.05 breadth.
2. 443rd day since the lows of 4531, 32nd day since the swing lows of 4531, 16th day since the swing highs of 6142.
Nifty closed flat after moving in 42 point range. Last 3 days range is quite narrow between 40-60 points. Nifty remains in uptrend but momentum is not supporting strong upmoves here in this resistance zone. Any correction may take Nifty to 5950 levels that is the first main support. Monthly range now stands at 424 points.
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