Nifty bounced and closed above 6300 with moderate volumes and neutral breadth. Important points for today.
1. Nifty closed up 1.3% with 1.1 breadth.
2. 95th day since the lows of 5118, 72nd day since the lows of 5700.
Nifty closed above 6300 levels today. Todays range was 60 points. Weekly/Monthly range now stand at 136/219 points. Nifty closed exactly at the downsloping trendline joining 6415-6358. 6330-6350 is the last hurdle before Nifty attempts new high. Any reversal from here could take Nifty to 6230-6250 region.
1. Nifty closed up 1.3% with 1.1 breadth.
2. 95th day since the lows of 5118, 72nd day since the lows of 5700.
Nifty closed above 6300 levels today. Todays range was 60 points. Weekly/Monthly range now stand at 136/219 points. Nifty closed exactly at the downsloping trendline joining 6415-6358. 6330-6350 is the last hurdle before Nifty attempts new high. Any reversal from here could take Nifty to 6230-6250 region.
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