Nifty opened positive and moved above 8450 level but came down later to close mildly in red with higher volumes and neutral breadth.
1. Nifty down by 0.05% with 1.2 breadth.
2. 293rd day since the lows of 5118, 191st day since the lows of 5933.
Nifty closed nearly flat and touched 8450 level Intraday. Nifty is trading in narrow range with small upside since last 10 days after breakout move above 8180 level. Trendline resistance stands ~@8450 level , so correction is round the corner in Nifty. Downside support exists at 8350/8200 level. Today's range was 47 points and weekly at 105 points till today.
1. Nifty down by 0.05% with 1.2 breadth.
2. 293rd day since the lows of 5118, 191st day since the lows of 5933.
Nifty closed nearly flat and touched 8450 level Intraday. Nifty is trading in narrow range with small upside since last 10 days after breakout move above 8180 level. Trendline resistance stands ~@8450 level , so correction is round the corner in Nifty. Downside support exists at 8350/8200 level. Today's range was 47 points and weekly at 105 points till today.
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