Nifty opened almost flat and entire day it was trading in a narrow range of 9080 to 9115. Finally ended at 9103 with a marginal loss of 0.02%. The Advance Decline ratio was almost 4:3.
Yesterday, entire day Nifty was moving below the resistance of 9120. It is still looking weak on the charts. Now we may see further weakness, it can test its previous low of 9024 and below that it can even test its 50DEMA, which is placed at 8977. On the upside it has lot of resistance in the range of 9220 to 9250.