Nifty closed above 5000 levels amid very narrow range and moderate volumes. Important points for today.
1. Nifty up by 1.2% with 2.0 breadth.
2. 297th day since the highs of 6338, 22nd day since the lows of 4531.
Nifty closed above 5000 after quite sometime but the range of Nifty was only 32 points.This looks like extreme compression and Nifty should make a big range move now.Since Nifty remains in upward bias,so the chances of upmove are more. Nifty range in this month till now is 435 points.
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