Nifty opened gap up and closed above 8000 level with moderate volumes and +ve breadth. Important points for today.
1. Nifty up by 0.9% with 2.15 breadth.
2. 246th day since the lows of 5118, 139th day since the lows of 5933.
Nifty opened gap up and traded above 8000 level all day. Today's range was 50 points. Today was 14th day since the lows of 7540. Nifty faces resistance at 8150-8200 levels and RSI is also in the deep resistance zone. Nifty likely to move up in sideways/consolidating manner. 7950+ keeps Nifty in short term upmove while 7850 keeps Nifty in Upmove. 7750 is strong support for Nifty , below which only Nifty could make a sharp fall.
1. Nifty up by 0.9% with 2.15 breadth.
2. 246th day since the lows of 5118, 139th day since the lows of 5933.
Nifty opened gap up and traded above 8000 level all day. Today's range was 50 points. Today was 14th day since the lows of 7540. Nifty faces resistance at 8150-8200 levels and RSI is also in the deep resistance zone. Nifty likely to move up in sideways/consolidating manner. 7950+ keeps Nifty in short term upmove while 7850 keeps Nifty in Upmove. 7750 is strong support for Nifty , below which only Nifty could make a sharp fall.
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