|OPEN: 11,254.3||HIGH: 11,300|
|LOW: 11,085||CLOSE: 11,094|
|LOWER RANGE: 11,000||UPPER RANGE: 11,300|
NIFTY could not cross the upper range 11,350. NIFTY could not break the lower range. But there is a range shift that happened. Lower range shifted from 11,100 to 11,000, indicating consolidation.
NIFTY was consolidating around 10,200. As mentioned yesterday NIFTY is within its range and consolidation. Now NIFTY will take direction and give a breakout.
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Disclaimer: Our forecasts are based on predictions from our algorithms. However and they involve risks, variables and uncertainties. No guarantee is presented or implied as to the accuracy of forecasts, projections or predictive statements contained herein. Invest at your own risk