Nifty moved in a very narrow range with moderate volumes and neutral breadth. Important points for today.
1. Nifty down by 0.25% with 1.0 breadth.
2. 65th day since the lows of 5118, 42nd day since the lows of 5700.
Nifty moved around 6200 within a range of 34 points. Today was a inside day of Nifty. Short term Nifty is in uptrend and significant resistance is at 6300 only. So Nifty likely to go to 6300+ levels before going for any deeper correction.Don't expect Nifty to test 6150 level without facing resistance at higher levels. Weekly range remains at 57 points.
1. Nifty down by 0.25% with 1.0 breadth.
2. 65th day since the lows of 5118, 42nd day since the lows of 5700.
Nifty moved around 6200 within a range of 34 points. Today was a inside day of Nifty. Short term Nifty is in uptrend and significant resistance is at 6300 only. So Nifty likely to go to 6300+ levels before going for any deeper correction.Don't expect Nifty to test 6150 level without facing resistance at higher levels. Weekly range remains at 57 points.
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