Nifty opened gap down and traded in the red with higher volumes and neutral breadth. Important points for today.
1. Nifty down by 0.3% with 1.2 breadth.
2. 153rd day since the lows of 5118, 46th day since the lows of 5933.
Nifty closed in the red today but on weekly closing ended with gain of 1.2%. Nifty closed above 6750 that is 27month old trendline resistance. Closing above it is bullish sign.Nifty is headed for higher levels now , 6950-7150 in coming days. 6900-6950 may trigger some pullback in Nifty. Todays range was 46 points and weekly/monthly range was 169 points.
1. Nifty down by 0.3% with 1.2 breadth.
2. 153rd day since the lows of 5118, 46th day since the lows of 5933.
Nifty closed in the red today but on weekly closing ended with gain of 1.2%. Nifty closed above 6750 that is 27month old trendline resistance. Closing above it is bullish sign.Nifty is headed for higher levels now , 6950-7150 in coming days. 6900-6950 may trigger some pullback in Nifty. Todays range was 46 points and weekly/monthly range was 169 points.
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