Nifty was trading in a range from quite some time.
Upper Range 9600
Lower Range 9000
Yesterday it broke the range to the downside and closed near its low @8823
Today Nifty opened gap up @ 8961 , but could not sustain and took resistance at range lower band around 9040 levels.
Today's high - 9030
Today's close - 8879
Now what to expect tomorrow ?
If it opens flat watch out for 9040 resistance and 8880 support, any move above or below this range may see a good move it that direction.
And in case of gap up or gap down, same levels act as important.
i am expecting the weakness will remain in the index as because of the consistence under-performance in the bank-nifty.
Upper Range 9600
Lower Range 9000
Yesterday it broke the range to the downside and closed near its low @8823
Today Nifty opened gap up @ 8961 , but could not sustain and took resistance at range lower band around 9040 levels.
Today's high - 9030
Today's close - 8879
Now what to expect tomorrow ?
If it opens flat watch out for 9040 resistance and 8880 support, any move above or below this range may see a good move it that direction.
And in case of gap up or gap down, same levels act as important.
i am expecting the weakness will remain in the index as because of the consistence under-performance in the bank-nifty.
