Nifty was sideways consolidation around 7900 level with higher volumes and neutral breadth. Important points for today.
1. Nifty down by 0.1% with 1.2 breadth.
2. 240th day since the lows of 5118, 133rd day since the lows of 5933.
Nifty closed almost flat after hovering around 7900 today. Nifty broke yesterdays low marginally and todays range was 64 points. If Nifty has topped out then close below 7850 will be early indication but if it is consolidating for higher move then Nifty may not breach 7850(close) . 8000-8050 has trendline resistance for Nifty.
1. Nifty down by 0.1% with 1.2 breadth.
2. 240th day since the lows of 5118, 133rd day since the lows of 5933.
Nifty closed almost flat after hovering around 7900 today. Nifty broke yesterdays low marginally and todays range was 64 points. If Nifty has topped out then close below 7850 will be early indication but if it is consolidating for higher move then Nifty may not breach 7850(close) . 8000-8050 has trendline resistance for Nifty.
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