Nifty went past 6142 today but sold off from there to 6050 levels with moderate volumes and -ve breadth. Important points for today.
1. Nifty down by 0.3% with 0.5 breadth.
2. 444th day since the lows of 4531, 33rd day since the swing lows of 4531.
Nifty after going above 6150 levels closed below 6100 levels.Todays range was 100 points. Weekly/Monthly range now stand at 100/456 points. 5940 is the lower support level for Nifty while 6150 is the resistance on upside. Broadly Nifty remains in 5900-6150 range. On upside, 6150-6300 is multi year resistance and may require strong push to decisively clear those levels.
1. Nifty down by 0.3% with 0.5 breadth.
2. 444th day since the lows of 4531, 33rd day since the swing lows of 4531.
Nifty after going above 6150 levels closed below 6100 levels.Todays range was 100 points. Weekly/Monthly range now stand at 100/456 points. 5940 is the lower support level for Nifty while 6150 is the resistance on upside. Broadly Nifty remains in 5900-6150 range. On upside, 6150-6300 is multi year resistance and may require strong push to decisively clear those levels.
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