Nifty powered up with higher volumes and +ve breadth to close above 5200. Important points for today.
1. Nifty up by 0.9% with 1.8 breadth.
2. 302nd day since the highs of 6338, 27th day since the lows of 4531.
Nifty had a weekly close above 5200.Nifty remains in uptrend though momentum is not strong.I expect Nifty to slow down in its further upmove before it exhausts itself.This should likely be the last major upmove of Nifty.I expect an impulsive downmove of Nifty after this upmove is over in next few weeks.
No comments:
Post a Comment