Nifty got resisted at 7750+ with higher volumes and -ve breadth. Important points for today.
1. Nifty up by 0.15% with 0.3 breadth.
2. 235th day since the lows of 5118, 128th day since the lows of 5933.
Nifty underwent mini correction from 7750 to sub 7700 but closed in the green. Today's range was 217 points and weekly/Monthly range stands at 159/217 points. Next resistance is 7800 if Nifty survives above 7750 consistently, else trendline from 7540 comes at about 7680-7700 as support for tomorrow. Till this trendline is breached , Nifty remains in uptrend.
1. Nifty up by 0.15% with 0.3 breadth.
2. 235th day since the lows of 5118, 128th day since the lows of 5933.
Nifty underwent mini correction from 7750 to sub 7700 but closed in the green. Today's range was 217 points and weekly/Monthly range stands at 159/217 points. Next resistance is 7800 if Nifty survives above 7750 consistently, else trendline from 7540 comes at about 7680-7700 as support for tomorrow. Till this trendline is breached , Nifty remains in uptrend.
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