Nifty wavered aimlessly within 43 points with moderate volumes and +ve breadth. Important points for today.
1. Nifty up by 0.15% with 2.0 breadth.
2. 81st day since the lows of 5118, 58th day since the lows of 5700.
Nifty closed flat without doing anything much.Todays range was 43 point and weekly range stands at 58 points. Weekly range indicates that either 6350 Or 6200 could happen tomorrow and is high probability of seeing either of the two levels. On upside 6450-6500 is the main resistance while below 6150 should provide first support.
1. Nifty up by 0.15% with 2.0 breadth.
2. 81st day since the lows of 5118, 58th day since the lows of 5700.
Nifty closed flat without doing anything much.Todays range was 43 point and weekly range stands at 58 points. Weekly range indicates that either 6350 Or 6200 could happen tomorrow and is high probability of seeing either of the two levels. On upside 6450-6500 is the main resistance while below 6150 should provide first support.
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