Tuesday, February 18, 2014

Feb18 Update

Nifty crossed the earlier swing highs of 6106 with low volumes and +ve breadth. Important points for today.

1. Nifty up by 0.9% with 1.35 breadth.
2. 119th day since the lows of 5118, 71st day since the highs of 6342.

Nifty crossed and closed above 6100 levels.  Todays range was 75 points and weekly range is 103 points till today. Monthly range stands at 208 points. Nifty is right now into resistance zone of 6130-6150 . Sustaining above this zone may lead Nifty to 6190+ . Lower support is at 6080-6100 for any correction.

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