Nifty opened below 5900 levels but recovered to close above 6000 with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 1.35% with 1.5 breadth.
2. 440th day since the lows of 4531, 29th day since the swing lows of 5118, 13th day since the swing highs of 6142.
Nifty crossed resistance level of 5950 today and closed above 6000 levels. If Nifty sustains 5950+ for next 2 days then new high above 6300 may happen soon. If not and Nifty gives away today's gain then 5500 is the first likely support for Nifty.Todays range was 138 points and monthly range now stands at 315 points.
1. Nifty up by 1.35% with 1.5 breadth.
2. 440th day since the lows of 4531, 29th day since the swing lows of 5118, 13th day since the swing highs of 6142.
Nifty crossed resistance level of 5950 today and closed above 6000 levels. If Nifty sustains 5950+ for next 2 days then new high above 6300 may happen soon. If not and Nifty gives away today's gain then 5500 is the first likely support for Nifty.Todays range was 138 points and monthly range now stands at 315 points.
No comments:
Post a Comment