Nifty opened above 6070 and traded up all day with moderate volumes and neutral breadth.
1. Nifty up by 2.0% with 1.5 breadth.
2. 446th day since the lows of 4531, 35th day since the swing lows of 5118.
Nifty took support in the gap of 6033-6046 and bounced strongly and went past 6200 levels. Today's range was 131 points and Weekly/Monthly range stand at 169/501 points. Today was 12th day of upmove from 5700 levels. If 6200 is crossed decisively then Nifty has 6300-6350 as the next resistance level. On downside 5940 is the main support.
1. Nifty up by 2.0% with 1.5 breadth.
2. 446th day since the lows of 4531, 35th day since the swing lows of 5118.
Nifty took support in the gap of 6033-6046 and bounced strongly and went past 6200 levels. Today's range was 131 points and Weekly/Monthly range stand at 169/501 points. Today was 12th day of upmove from 5700 levels. If 6200 is crossed decisively then Nifty has 6300-6350 as the next resistance level. On downside 5940 is the main support.
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