Nifty attempted 6350 level with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 0.4% with 1.15 breadth.
2. 100th day since the lows of 5118, 77th day since the lows of 5700.
Nifty moved in a range of 62 points and closed below 6350 level. Nifty has bullish bias now and next significant resistance after 6350 is 6450-6600 range. 100 point jump from 6350 to 6450 may happen in a sharp move. Weekly/Monthly range is 106/219 points with 7 days to go in this month.Upside range expansion(6358+) is now likely in next few days.
1. Nifty up by 0.4% with 1.15 breadth.
2. 100th day since the lows of 5118, 77th day since the lows of 5700.
Nifty moved in a range of 62 points and closed below 6350 level. Nifty has bullish bias now and next significant resistance after 6350 is 6450-6600 range. 100 point jump from 6350 to 6450 may happen in a sharp move. Weekly/Monthly range is 106/219 points with 7 days to go in this month.Upside range expansion(6358+) is now likely in next few days.
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