Nifty moved in 50 points range below 6700 amid moderate volumes and -ve breadth. Important points for today.
1. Nifty up by 0.1% with 0.75 breadth.
2. 168th day since the lows of 5118, 61st day since the lows of 5933.
Nifty closed almost flat while moving in a narrow range of 50 points. Todays range was 50 points and weekly range now stands at 105 points. Nifty though weak but downside momentum is weak and 6600-6650 is good support zone of Nifty. 6750 is important resistance level of Nifty and unless Nifty closes above 6750, Nifty may go further low. Quarterly range now stands at 231 points.
1. Nifty up by 0.1% with 0.75 breadth.
2. 168th day since the lows of 5118, 61st day since the lows of 5933.
Nifty closed almost flat while moving in a narrow range of 50 points. Todays range was 50 points and weekly range now stands at 105 points. Nifty though weak but downside momentum is weak and 6600-6650 is good support zone of Nifty. 6750 is important resistance level of Nifty and unless Nifty closes above 6750, Nifty may go further low. Quarterly range now stands at 231 points.
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