Nifty moved around 6000 levels with positive bias and moderate volumes. Important points for today.
1. Nifty up by 0.35% with 1.5 breadth.
2. 110th day since the lows of 5118, 62nd day since the highs of 6342.
Nifty closed above 6000 levels today. Todays range was 66 points and if Nifty closes in the green tomorrow, then short term bottom is formed at 5933. Today was 9th day since the reversal from 6355. close above 6130-6150 will turn the trend to bullish else Nifty may attempt further lows at 5800-5850, which is strong trendline support.
1. Nifty up by 0.35% with 1.5 breadth.
2. 110th day since the lows of 5118, 62nd day since the highs of 6342.
Nifty closed above 6000 levels today. Todays range was 66 points and if Nifty closes in the green tomorrow, then short term bottom is formed at 5933. Today was 9th day since the reversal from 6355. close above 6130-6150 will turn the trend to bullish else Nifty may attempt further lows at 5800-5850, which is strong trendline support.
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