Nifty moved in a very narrow range amid low volumes and neutral breadth. Important points for today.
1. Nifty up by 0.4% with 1.2 breadth.
2. 120th day since the lows of 5118, 72nd day since the highs of 6342.
Nifty traded in 19 point range till 3 and expanded by 16 points in last minutes. Todays range was 35 points and Weekly/Monthly range stand at 122/227 points. Nifty has crossed the 6150 hurdle but momentum is slack. If Nifty moved further up 6190+ should trigger a correction as current move looks slow and 6200+ is important resistance.
1. Nifty up by 0.4% with 1.2 breadth.
2. 120th day since the lows of 5118, 72nd day since the highs of 6342.
Nifty traded in 19 point range till 3 and expanded by 16 points in last minutes. Todays range was 35 points and Weekly/Monthly range stand at 122/227 points. Nifty has crossed the 6150 hurdle but momentum is slack. If Nifty moved further up 6190+ should trigger a correction as current move looks slow and 6200+ is important resistance.
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