Nifty wavered around 6700 again and closed above 6700 with moderately high volumes and +ve breadth. Important points for today.
1. Nifty up by 0.25% with 1.4 breadth.
2. 146th day since the lows of 5118, 97th day since the highs of 6342, 74th day since the highs of 6415.
Nifty closed mildly in the green. Todays range was 57 points . 6630-6650 is support which if held, Nifty can see higher levels but if broken then 6560-6500 levels could follow. Nifty is showing divergence on hourly chart indicating that even if there is upmove , Nifty could fizzle out soon. Daily momentum is strong , so this rally is likely to continue even if there is correction for few days.
1. Nifty up by 0.25% with 1.4 breadth.
2. 146th day since the lows of 5118, 97th day since the highs of 6342, 74th day since the highs of 6415.
Nifty closed mildly in the green. Todays range was 57 points . 6630-6650 is support which if held, Nifty can see higher levels but if broken then 6560-6500 levels could follow. Nifty is showing divergence on hourly chart indicating that even if there is upmove , Nifty could fizzle out soon. Daily momentum is strong , so this rally is likely to continue even if there is correction for few days.
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