Nifty continued with its upmove and crossed 5650 levels with high volumes(expiry) and neutral breadth. Important points for today.
1.Nifty up by 0.8% with 1.2 breadth.
2.96th day since the lows of 5177,162nd day since the highs of 6338,49th day since the swing highs of 5906.
Nifty was up for the 8th consecutive day and 2nd day above 5600.Nifty is likely to do 2nd consecutive +ve weekly closing tomorrow.Upside look limited from here,So Nifty may either attempt to reverse from here or it may enter into narrow range movement with upward bias for next few weeks.
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