Nifty continued with its upmove and closed above 5450 with moderate volumes and +ve breadth. Important points for today.
1.Nifty up by 1.2% with 2.1 breadth.
2.72nd day since the lows of 5177,138th day since the highs of 6338, 25th day since the swing highs of 5906.
Nifty's upmove confirmed yesterday's move that Nifty remains in sideways since touching an impulsive down target of 5443 in 1st week of May.This sideways move has taken 16 days till now after 9 days of impulsive down.I expect that 2nd impulsive down should be closer to starting
No comments:
Post a Comment