Nifty was ranged in 40+ points with high volumes and neutral breadth. Important points for today.
1. Nifty up by 0.17% with 1.2 breadth.
2. 286th day since the lows of 5118, 178th day since the lows of 5933.
Nifty closed up marginally. Today's range was 42 points and weekly range is 68 points till today. Nifty will either breach 8365 or 8297 by about 40-50 points on Friday. 8400 is the main resistance trendline that Nifty is unable to break since May. Expect Pullback from around 8400(+-25) levels. Sustaining below 8200 only will open lower targets else Nifty remains in uptrend above 8200+.
1. Nifty up by 0.17% with 1.2 breadth.
2. 286th day since the lows of 5118, 178th day since the lows of 5933.
Nifty closed up marginally. Today's range was 42 points and weekly range is 68 points till today. Nifty will either breach 8365 or 8297 by about 40-50 points on Friday. 8400 is the main resistance trendline that Nifty is unable to break since May. Expect Pullback from around 8400(+-25) levels. Sustaining below 8200 only will open lower targets else Nifty remains in uptrend above 8200+.
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