Nifty broke above 6160 decisively and closed just below 6200 levels with lower volumes and neutral breadth. Important points for today.
1. Nifty up by 0.5% with 1.0 breadth.
2. 123rd day since the lows of 5118, 75th day since the highs of 6342.
Nifty has bounced by more than 100 points from 6086 levels. Todays high was 6191, so Nifty is right now in the gap resistance of 6190-6263. Falling trendline resistance is around 6240. Todays range was 61 points and Monthly range now stands at 258 points with 3 days to go. Interesting to see How Nifty negotiates resistance at 6230-6260 . If able to survive here than Nifty may go past 6350 decisively this time.
1. Nifty up by 0.5% with 1.0 breadth.
2. 123rd day since the lows of 5118, 75th day since the highs of 6342.
Nifty has bounced by more than 100 points from 6086 levels. Todays high was 6191, so Nifty is right now in the gap resistance of 6190-6263. Falling trendline resistance is around 6240. Todays range was 61 points and Monthly range now stands at 258 points with 3 days to go. Interesting to see How Nifty negotiates resistance at 6230-6260 . If able to survive here than Nifty may go past 6350 decisively this time.
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