NIFTY Daily Chart Technical Analysis:
NIFTY climbed up for the 3rd successive day today, and closed at 6102.
Market Outlook:
- NIFTY can be expected to continue an upward movement, though it could continue to move slowly.
- Falling below 6080 will be viewed as a bearish signal, and yes, there is a small chance of falling below the resistance tomorrow.
Technical Indicators:
- The index broke through a resistance level today and closed above it.
- The movement was upwards almost through the entire day.
- The only concern is the low volume, much lower than average.
All previous posts about NIFTY
NIFTY Daily Chart Technical Analysis
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