Nifty crossed 6250 but gave up the gains to close just above 6150 with moderate volumes and neutral breadth. Important points for today.
1. Nifty down by 0.2% with 0.8 breadth.
2. 450th day since the lows of 5118, 39th day since the lows of 5118, 16th day since the swing lows of 5700.
Nifty got resisted at 6250 levels today and came down to 6140 levels. Nifty in this week has been consolidating the move of Last friday in 136 point range. 6070 is now the lower support zone and 6250 is the higher resistance. Monthly range now stands at 552 points. Last 2 days have seen 100+ point range but Nifty remains within 6100-6250.
1. Nifty down by 0.2% with 0.8 breadth.
2. 450th day since the lows of 5118, 39th day since the lows of 5118, 16th day since the swing lows of 5700.
Nifty got resisted at 6250 levels today and came down to 6140 levels. Nifty in this week has been consolidating the move of Last friday in 136 point range. 6070 is now the lower support zone and 6250 is the higher resistance. Monthly range now stands at 552 points. Last 2 days have seen 100+ point range but Nifty remains within 6100-6250.
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