Nifty moved sideways in narrow range with low volumes and -ve breadth. Important points for today.
1. Nifty down by 0.5% with 0.71 breadth.
2. 94th day since the lows of 5118, 71st day since the lows of 5700.
Nifty closed below 6250 after big jump of yesterday. Closing was still above last week's high. 6220-6240 is region of support , if Nifty fails this then retest of 6150 may come soon. But if Nifty retains this support zone for next 1-2 days then 6300+ levels are likely. 6300-6330 is the resistance zone , above which new highs are likely above 6415.Weekly/Monthly range remain at 99/219 points till today.
1. Nifty down by 0.5% with 0.71 breadth.
2. 94th day since the lows of 5118, 71st day since the lows of 5700.
Nifty closed below 6250 after big jump of yesterday. Closing was still above last week's high. 6220-6240 is region of support , if Nifty fails this then retest of 6150 may come soon. But if Nifty retains this support zone for next 1-2 days then 6300+ levels are likely. 6300-6330 is the resistance zone , above which new highs are likely above 6415.Weekly/Monthly range remain at 99/219 points till today.
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