Nifty tested 6100 levels today amid narrow range with moderate volumes and neutral breadth. Important points for today.
1. Nifty closed up by 0.35% with 0.83 breadth.
2. 115th day since the lows of 5118, 67th day since the highs of 6342.
Nifty went past 6100 but closed below it.Todays range was 29 points after yesterdays 28 point range. Weekly/Monthly range stand at 60/173 points.6100 -6130 is resistance zone of Nifty beyond which 6190 is resistance zone. Today was 7th day since Nifty reversed from 5933 levels. If Nifty goes beyond 6130 then test of 6200 may happen soon.
1. Nifty closed up by 0.35% with 0.83 breadth.
2. 115th day since the lows of 5118, 67th day since the highs of 6342.
Nifty went past 6100 but closed below it.Todays range was 29 points after yesterdays 28 point range. Weekly/Monthly range stand at 60/173 points.6100 -6130 is resistance zone of Nifty beyond which 6190 is resistance zone. Today was 7th day since Nifty reversed from 5933 levels. If Nifty goes beyond 6130 then test of 6200 may happen soon.
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