Nifty edged upwards of 6100 levels with moderate volumes and neutral breadth. Important points for today.
1.Nifty up by 0.7% with 1.3 breadth.
2.23rd day since the lows of 5690,37th day since the highs of 6338.
Nifty closed above 6100 levels.Price action like yesterday was moderate and breadth and volumes were also neutral to moderate.This does not look like an impulsive thrust after few days of consolidation around 5700-6000 levels.Though Nifty can edge up towards 6150-6200 levels in next few days,I would be cautious on the longs here.
No comments:
Post a Comment