Nifty made volatile moves with moderate volumes and -ve breadth. Important points for today.
1. Nifty flat with 0.48 breadth.
2. 92nd day since the lows of 5118, 69th day since the low of 5700.
Nifty attempted 6250 resistance but failed and closed flat above 6150 levels. If Nifty does not breach 6150 early next week, then 6250 is likely to be retested and passed for 6300-6350 levels.Range for the day/week was 100 points and Monthly range stands at 219 points. On weekly basis Nifty was down by 0.7%. Early next week should become clear whether 6100-6150 support zone will stand or not. if breached 6000-6050 level should happen immediately.
1. Nifty flat with 0.48 breadth.
2. 92nd day since the lows of 5118, 69th day since the low of 5700.
Nifty attempted 6250 resistance but failed and closed flat above 6150 levels. If Nifty does not breach 6150 early next week, then 6250 is likely to be retested and passed for 6300-6350 levels.Range for the day/week was 100 points and Monthly range stands at 219 points. On weekly basis Nifty was down by 0.7%. Early next week should become clear whether 6100-6150 support zone will stand or not. if breached 6000-6050 level should happen immediately.
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