Nifty bounced up above 6200 levels with higher volumes and +ve breadth. Important points for today.
1. Nifty up by 1.25% with 2.0 breadth.
2. 76th day since the lows of 5118, 73rd day since the lows of 5700.
Nifty closed above 6200 today bouncing from trendline support joining 5700-5972. 6230-6250 is the resistance zone. If Nifty manages to close above above this zone, then 6350 may happen soon. Todays range was 107 points. Weekly/ Monthly range stands at 107/286 points.
1. Nifty up by 1.25% with 2.0 breadth.
2. 76th day since the lows of 5118, 73rd day since the lows of 5700.
Nifty closed above 6200 today bouncing from trendline support joining 5700-5972. 6230-6250 is the resistance zone. If Nifty manages to close above above this zone, then 6350 may happen soon. Todays range was 107 points. Weekly/ Monthly range stands at 107/286 points.
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