Nifty closed down marginally with moderate volumes and neutral breadth. Important points for today.
1. Nifty down by 0.3% with 1.0 breadth.
2. 161st day since the lows of 5118, 54th day since the lows of 5933.
Nifty closed down while moving in a narrow range of 36 points. If Nifty moves above 6800 and sustains then 6950 on Nifty could seen soon in this week. 6600-6650 is strong support zone if Nifty goes under 6700 level. Monthly range is 219 points with 2 days to go. Monthly range expansion is likely to happen in next 2 days ie 6650 Or 6869 is likely to give away.
1. Nifty down by 0.3% with 1.0 breadth.
2. 161st day since the lows of 5118, 54th day since the lows of 5933.
Nifty closed down while moving in a narrow range of 36 points. If Nifty moves above 6800 and sustains then 6950 on Nifty could seen soon in this week. 6600-6650 is strong support zone if Nifty goes under 6700 level. Monthly range is 219 points with 2 days to go. Monthly range expansion is likely to happen in next 2 days ie 6650 Or 6869 is likely to give away.
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