Nifty again moved around 6150 levels with moderate volumes and neutral breadth. Important points for today.
1. Nifty down by 0.25% with 0.8 breadth.
2. 75th day since the lows of 5118, 52nd day since the lows of 5700.
Nifty attempted to go past 6200 levels but fell below 6150 level and closed below it. Today's range was 57 points. Nifty is close to rising trendline support at 6100+. 6100-6250 is the immediate range for Nifty. Above 6250, 6400+ is possible, below 6100, 5900- may be seen. Weekly range stands at 57 points in 2 days with Monthly range at 282 points.
1. Nifty down by 0.25% with 0.8 breadth.
2. 75th day since the lows of 5118, 52nd day since the lows of 5700.
Nifty attempted to go past 6200 levels but fell below 6150 level and closed below it. Today's range was 57 points. Nifty is close to rising trendline support at 6100+. 6100-6250 is the immediate range for Nifty. Above 6250, 6400+ is possible, below 6100, 5900- may be seen. Weekly range stands at 57 points in 2 days with Monthly range at 282 points.
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