Nifty moved up above 5400 today with higher volumes and neutral breadth.Important points for today.
1.Nifty up by 0.8% with 1.0 breadth.
2.42nd day of rally since the lows of 4786(33 days of downturn).
Nifty broke its narrow range today(on closing basis) and closed well above 5400 but the breadth was barely +ve.Today was the 13th day of the wave5(5233(2nd july) - ?).I expect Nifty to make a new high above 5453 in 1-2 days and may be close above it for the Wave5 peak and then reverse.I expect this peak to be the bull market peak of the last 16 months+.
No comments:
Post a Comment