Nifty was wayward with high volumes and +ve breadth. Important points for today.
1. Nifty down by 0.3% with 3.7 breadth.
2. 177th day since the lows of 5118, 70th day since the lows of 5933.
Nifty closed in the red but above 7250. Breadth was quite +ve and todays range was 81 points. Nifty has closed above 7200 for 4 days in a row now. 7200 was important resistance of Nifty. So if Nifty survives 7200+ level for another 1-2 days on closing basis, then 7500+ levels could be seen in Nifty by next week.
1. Nifty down by 0.3% with 3.7 breadth.
2. 177th day since the lows of 5118, 70th day since the lows of 5933.
Nifty closed in the red but above 7250. Breadth was quite +ve and todays range was 81 points. Nifty has closed above 7200 for 4 days in a row now. 7200 was important resistance of Nifty. So if Nifty survives 7200+ level for another 1-2 days on closing basis, then 7500+ levels could be seen in Nifty by next week.
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