Nifty opened down and kept sliding all day amid lower volumes and -ve breadth. Important points for today.
1. Nifty down by 1.0% with 0.65 breadth.
2. 121st day since the lows of 5118, 73rd day since the highs of 6342.
Nifty closed below 6100 today getting resisted at 6160. 6050+ should be support zone of Nifty and if Nifty falls below 6025 then 5950- levels could happen soon.But if 6050 is retained then Nifty may attempt 6200+ in a swift move. Todays range was 43 points and Weekly/Monthly range stands at 122/227 points.
1. Nifty down by 1.0% with 0.65 breadth.
2. 121st day since the lows of 5118, 73rd day since the highs of 6342.
Nifty closed below 6100 today getting resisted at 6160. 6050+ should be support zone of Nifty and if Nifty falls below 6025 then 5950- levels could happen soon.But if 6050 is retained then Nifty may attempt 6200+ in a swift move. Todays range was 43 points and Weekly/Monthly range stands at 122/227 points.
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