Nifty moved up after taking support at 5400 for 2-3 days and closed above 5500 with lower volumes and +ve breadth.Important points for today.
1.Nifty up by 1.7% with 2.3 breadth.
2.22nd day since 6181,61st since the highs of 6338.
Nifty moved up strongly and closed above 5500 levels but below the 2 days high of 5539.Nifty is in 137 point range(5402-5539) till now in this week.Tomorrow will be very important day as Nifty could reverse to downside from 5550-5600 range Or if Nifty manages to counter the resistance and closes above 5550-5600 then Nifty likely has bottomed out on intermediate term at 5400 levels.
No comments:
Post a Comment