Nifty moved past 7950 today but slipped down to 7900 levels with moderate volumes and -ve breadth.Important points for today.
1. Nifty down by 0.1% with 0.6 breadth.
2. 242nd day since the lows of 5118, 135th day since the lows of 5933.
Nifty moved past important level of 7950 but got resisted towards the end and closed just above 7900 levels. This pullback may have some more room to go. 7840/50 is main support of Nifty, if Nifty closes below this level then deeper correction may happen but staying above it , Nifty may make new highs again. Todays range was 71 points and monthly range now stands at 428 points.
1. Nifty down by 0.1% with 0.6 breadth.
2. 242nd day since the lows of 5118, 135th day since the lows of 5933.
Nifty moved past important level of 7950 but got resisted towards the end and closed just above 7900 levels. This pullback may have some more room to go. 7840/50 is main support of Nifty, if Nifty closes below this level then deeper correction may happen but staying above it , Nifty may make new highs again. Todays range was 71 points and monthly range now stands at 428 points.
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