Nifty moved above 6200 levels but could not move much higher amid lower volumes and +ve breadth. Important points for today.
1. Nifty up by 0.7% with 1.7 breadth.
2. 64th day since the lows of 5118, 41st day since the lows of 5700.
Nifty closed above 6200 level today and today's range was 57 points. Above 6250 , 6350 is the next resistance. Today was 6th day of the upmove from 5972. Nifty is headed higher above 6350 in next few weeks but the upmove may be rocky and not straight line, so trading opportunity may emerge. 6150 is the strong support level and 6350 is the last resistance.
1. Nifty up by 0.7% with 1.7 breadth.
2. 64th day since the lows of 5118, 41st day since the lows of 5700.
Nifty closed above 6200 level today and today's range was 57 points. Above 6250 , 6350 is the next resistance. Today was 6th day of the upmove from 5972. Nifty is headed higher above 6350 in next few weeks but the upmove may be rocky and not straight line, so trading opportunity may emerge. 6150 is the strong support level and 6350 is the last resistance.
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