Nifty moved up today though with low volumes and neutral breadth.Important points for today.
1.Nifty up by 1.6% with 0.9 breadth.
2.21st day since the lows of 5177,87th day since the highs of 6338.
Nifty closed above 5500 but breadth was marginally -ve and very low volumes.If Nifty is headed up then 5600 level should be taken out in next 1-2 days.The breadth and momentum above 5600 should give indication of sustainability above 5600.But If Nifty reverses from tomorrow then lower levels should open up provided 5400 is breached decisively on closing basis.
No comments:
Post a Comment