Nifty bounced strongly today with moderate volumes and +ve breadth. Important points for today.
1. Nifty up by 2.2% with 1.9 breadth.
2. 719th day since the highs of 6338, 437th day since the lows of 4531, 25th day since the swing lows of 5118, 9th day since the swing highs of 6142.
Nifty closed above 5900 today. Today was 2nd consecutive up day. Nifty's correction from 6142 looks over now and Nifty is on upswing. Resistance for Nifty stand at 5950-6100-6300. Let's see how Nifty negotiates the resistance levels ahead. Range for this week stands at 217 points till today.
1. Nifty up by 2.2% with 1.9 breadth.
2. 719th day since the highs of 6338, 437th day since the lows of 4531, 25th day since the swing lows of 5118, 9th day since the swing highs of 6142.
Nifty closed above 5900 today. Today was 2nd consecutive up day. Nifty's correction from 6142 looks over now and Nifty is on upswing. Resistance for Nifty stand at 5950-6100-6300. Let's see how Nifty negotiates the resistance levels ahead. Range for this week stands at 217 points till today.
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