Nifty bounced strongly from sub 6100 levels with moderate volumes and +ve breadth. Important points for today.
1. Nifty up by 2.0% with 1.3 breadth.
2. 453rd day since the lows of 4531, 42nd day since the swing lows of 5118, 19th day since the swing lows of 5700.
Nifty found support at 6079 and bounced to close above 6200 levels . Nifty is again bumping into trendline resistance joining 5900-5950 and currently @ around 6260 levels. Breach of this resistance decisively should result in Nifty heading towards 6400 . But if Nifty fails to go past 6250-6280 levels then drop in Nifty could be sudden. Weekly range stands at 149 points and monthly range is 552 points till today.
1. Nifty up by 2.0% with 1.3 breadth.
2. 453rd day since the lows of 4531, 42nd day since the swing lows of 5118, 19th day since the swing lows of 5700.
Nifty found support at 6079 and bounced to close above 6200 levels . Nifty is again bumping into trendline resistance joining 5900-5950 and currently @ around 6260 levels. Breach of this resistance decisively should result in Nifty heading towards 6400 . But if Nifty fails to go past 6250-6280 levels then drop in Nifty could be sudden. Weekly range stands at 149 points and monthly range is 552 points till today.
No comments:
Post a Comment