Nifty moved sideways in narrow range with higher volumes and +ve breadth. Important points for today.
1. Nifty up by 0.1% with 1.8 breadth.
2. 456th day since the lows of 4531, 45th day since the swing lows of 5118, 22nd day since the swing lows of 5700.
Nifty closed above 6300 levels but moved in a range of only 46 points. Today was 4th day since of the bounce from 6079 levels. Nifty ended the week with gain of 2.7%. Nifty is facing 2 significant resistance at 6350 and 6400-6450. Whether Nifty forms a Top over here or No will become clear in coming days but correction is imminent within next 100-150 points.
1. Nifty up by 0.1% with 1.8 breadth.
2. 456th day since the lows of 4531, 45th day since the swing lows of 5118, 22nd day since the swing lows of 5700.
Nifty closed above 6300 levels but moved in a range of only 46 points. Today was 4th day since of the bounce from 6079 levels. Nifty ended the week with gain of 2.7%. Nifty is facing 2 significant resistance at 6350 and 6400-6450. Whether Nifty forms a Top over here or No will become clear in coming days but correction is imminent within next 100-150 points.
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