Nifty was rangebound today with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 0.1% with 1.0 breadth.
2. 138th day since the lows of 5118, 89th day since the highs of 6342, 66th day since the highs of 6415.
Nifty closed almost flat moving within a range of 35 points today. Weekly/Monthly range is 77/350 points till today. Today was a narrow range day. 6430-6560 is the current range of Nifty , break on either side can give around 100 points quickly. 6650-6700 is trendline resistance of Nifty connecting 5630-6110-6229 (highs of 2012-2013). On Lower side 6300-6350 will be good support for Nifty.
1. Nifty up by 0.1% with 1.0 breadth.
2. 138th day since the lows of 5118, 89th day since the highs of 6342, 66th day since the highs of 6415.
Nifty closed almost flat moving within a range of 35 points today. Weekly/Monthly range is 77/350 points till today. Today was a narrow range day. 6430-6560 is the current range of Nifty , break on either side can give around 100 points quickly. 6650-6700 is trendline resistance of Nifty connecting 5630-6110-6229 (highs of 2012-2013). On Lower side 6300-6350 will be good support for Nifty.
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