Nifty stays in a tight range with low volumes and neutral breadth. Important points for today.
1.Nifty down by 0.1% with 0.8 breadth.
2.81st day since the lows of 5177,147th day since the highs of 6338,34th day since the swing highs of 5906.
Nifty's range for this week till today is 91 points.I expect some range expansion to happen tomorrow.If Nifty closes out tomorrow with range of ~100 points,I would expect that next week will likely see a volatile move by Nifty.So Nifty is approaching its range break soon.Also monthly range for June is 125 points till today which also is likely to expand in next 3 weeks.
No comments:
Post a Comment