Nifty started the year on flat note with low volumes and +ve breadth. Important points for today.
1. Nifty flat with 2.3 breadth.
2. 85th day since the lows of 5118, 62nd day since the lows of 5700.
Nifty ended just above 6300 levels. Todays range was 29 points and weekly range is 71 points till today. 6250-6350 are the support and resistance levels. Breach of any of these 2 levels with thrust should see 100-150 points being taken out in quick manner. Last year range was 1297 points, lowest range in last 8 years(since 2006). This year is likely to see range expansion in Nifty.
1. Nifty flat with 2.3 breadth.
2. 85th day since the lows of 5118, 62nd day since the lows of 5700.
Nifty ended just above 6300 levels. Todays range was 29 points and weekly range is 71 points till today. 6250-6350 are the support and resistance levels. Breach of any of these 2 levels with thrust should see 100-150 points being taken out in quick manner. Last year range was 1297 points, lowest range in last 8 years(since 2006). This year is likely to see range expansion in Nifty.
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