Nifty consolidated the gains of 2 days today with higher volumes and +ve breadth. Important points for today.
1. Nifty closed up 0.2% with 2.0 breadth.
2. 217th day since the lows of 5118, 110th day since the lows of 5933.
Nifty moved in a narrow range of 43 points and closed mildly in the green. Weekly range now stands at 223 points. Nifty stares at next significant resistance at 7700-7750 levels. Crossover of this resistance is possible only with strong momentum move. otherwise Nifty may not decisively go past 7800 level if it muzzles its way past 7750.
1. Nifty closed up 0.2% with 2.0 breadth.
2. 217th day since the lows of 5118, 110th day since the lows of 5933.
Nifty moved in a narrow range of 43 points and closed mildly in the green. Weekly range now stands at 223 points. Nifty stares at next significant resistance at 7700-7750 levels. Crossover of this resistance is possible only with strong momentum move. otherwise Nifty may not decisively go past 7800 level if it muzzles its way past 7750.
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