Nifty today crossed 8400 level but closed below it. Important points for today.
1. Nifty up by 0.25% with 1.0 breadth.
2. 290th day since the lows of 5118, 182nd day since the lows of 5933.
Nifty moved in 45 point range crossing 8400 intraday but closed below it. Nifty is inching upwards since last 6 days having moved 61 points in 6 days. 8400-8450 is Daily trendline resistance zone and Nifty has bumped into it today. Unless 8450 is crossed and close above it for 2 days, Nifty may undergo pullback from here. Weekly/Monthly range stand at 111/125 points till today. On downside 8200 is main support of Nifty.
1. Nifty up by 0.25% with 1.0 breadth.
2. 290th day since the lows of 5118, 182nd day since the lows of 5933.
Nifty moved in 45 point range crossing 8400 intraday but closed below it. Nifty is inching upwards since last 6 days having moved 61 points in 6 days. 8400-8450 is Daily trendline resistance zone and Nifty has bumped into it today. Unless 8450 is crossed and close above it for 2 days, Nifty may undergo pullback from here. Weekly/Monthly range stand at 111/125 points till today. On downside 8200 is main support of Nifty.
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