Nifty attempted 7600+ levels a open but could not sustain and closed below 7550 with moderate volumes and neutral breadth. Important points for today.
1. Nifty down by 0.25% with 1.0 breadth.
2. 197th day since the lows of 5118, 90th day since the lows of 5933.
Nifty closed mildly in the red today below 7550 levels. 7600+ levels are acting as decent resistance to cross. Nifty has failed to cross 7650+ levels twice now. It may attempt again or if Nifty goes below 7500 then Nifty may be heading to lower levels of around 7200 then. Weekly range stands at 176 points till today.
1. Nifty down by 0.25% with 1.0 breadth.
2. 197th day since the lows of 5118, 90th day since the lows of 5933.
Nifty closed mildly in the red today below 7550 levels. 7600+ levels are acting as decent resistance to cross. Nifty has failed to cross 7650+ levels twice now. It may attempt again or if Nifty goes below 7500 then Nifty may be heading to lower levels of around 7200 then. Weekly range stands at 176 points till today.
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