Nifty moved around 6050 with +ve bias with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 0.4% with 0.8 breadth.
2.118th day since the lows of 5118, 70th day since the highs of 6342.
Nifty closed above 6050 and above the highs of friday. Todays range was 42 points and monthly range remains at 173 with 8 days to go. 6130 needs to be breached to put Nifty in short term Bull mode. 5930-5980 on lower side is good support now. Until either of these levels is breached, Nifty remains in directionless range of 5950-6100.
1. Nifty up by 0.4% with 0.8 breadth.
2.118th day since the lows of 5118, 70th day since the highs of 6342.
Nifty closed above 6050 and above the highs of friday. Todays range was 42 points and monthly range remains at 173 with 8 days to go. 6130 needs to be breached to put Nifty in short term Bull mode. 5930-5980 on lower side is good support now. Until either of these levels is breached, Nifty remains in directionless range of 5950-6100.
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