Nifty extended its gain amid narrow range of 44 points with higher expiry volumes and +ve breadth. Important points for today.
1. Nifty up by 0.6% with 2.0 breadth.
2. 301st day since the highs of 6338, 26th day since the lows of 4531.
Nifty is firming up, though volumes are tepid.Since Nifty's upmove is 18 days long now,there is chance that Nifty could do weekly close above 5200 for capitulation of this upmove.So in next 2-3 days I expect a Top and Nifty should likely consolidate in 4800-5200 range after that for few weeks.Monthly range till today is 587 points now.
No comments:
Post a Comment