Nifty opened up above 6200 but was rangebound with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 0.2% with 0.9 breadth.
2. 124th day since the lows of 5118, 76th day since the highs of 6342.
Nifty closed at 6200 levels. 6200+ level is giving tough resistance to Nifty. Gap exists @6263, beyond which only Nifty becomes stronger. Todays range was 40 points and Weekly/Monthly range stands at 86/283 points. Rise from 5933 looks corrective in nature being quite slow compared to fall from 6355-5933. End of this rally from 5933 could retest the lows of 5933 again
1. Nifty up by 0.2% with 0.9 breadth.
2. 124th day since the lows of 5118, 76th day since the highs of 6342.
Nifty closed at 6200 levels. 6200+ level is giving tough resistance to Nifty. Gap exists @6263, beyond which only Nifty becomes stronger. Todays range was 40 points and Weekly/Monthly range stands at 86/283 points. Rise from 5933 looks corrective in nature being quite slow compared to fall from 6355-5933. End of this rally from 5933 could retest the lows of 5933 again
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