Nifty opened gap up above 7700 level but closed below with moderate volumes and +ve breadth. Important points for today.
1. Nifty closed up 0.3% with 1.5 breadth.
2. 219th day since the lows of 5118, 112th day since the lows of 5933.
Nifty closed up for the 5th consecutive day. Nifty has not retraced the fall from 7808-7422 in faster time. 7700-7750/7800 is resistance zone of Nifty, if Nifty fails to cross 7750 then sharp fall can be expected . Staying above 7750 only, Nifty to make new highs. Todays range was 48 points.
1. Nifty closed up 0.3% with 1.5 breadth.
2. 219th day since the lows of 5118, 112th day since the lows of 5933.
Nifty closed up for the 5th consecutive day. Nifty has not retraced the fall from 7808-7422 in faster time. 7700-7750/7800 is resistance zone of Nifty, if Nifty fails to cross 7750 then sharp fall can be expected . Staying above 7750 only, Nifty to make new highs. Todays range was 48 points.
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