Nifty moved up to 6740 level but gave up the gains amid moderate volumes and -ve breadth. Important points for today.
1. Nifty up by 0.1% with 0.7 breadth.
2. 165th day since the lows of 5118, 58th day since the lows of 5933.
Nifty again closed flat today. Nifty closing within 20 points since last 4 days. 6650 is a good support now and 6850 is the resistance. Breach of wither level could see 150-200 pt move in that direction. Todays range was 61 points and Quarterly range remains at 219 points till today. Quarterly range expansion is likely to add atleast 400-500 points in this month.
1. Nifty up by 0.1% with 0.7 breadth.
2. 165th day since the lows of 5118, 58th day since the lows of 5933.
Nifty again closed flat today. Nifty closing within 20 points since last 4 days. 6650 is a good support now and 6850 is the resistance. Breach of wither level could see 150-200 pt move in that direction. Todays range was 61 points and Quarterly range remains at 219 points till today. Quarterly range expansion is likely to add atleast 400-500 points in this month.
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