Nifty extended its upmove with high volumes and +ve breadth. Important points for today.
1. Nifty up by 0.7% with 2.35 breadth.
2. 305th day since the highs of 6338, 30th day since the lows of 4531.
Nifty closed above 5200 today very high volumes.Nifty has retraced 1 day fall in slightly more than 1 day.Next 2-3 days should likely see a short term Top in Nifty.If Nifty stays till around 5300 before reversing then I expect Nifty to stay in consolidation phase of 300-400 points for few days.But it is also likely given the good momentum in Nifty that Nifty goes to 5400 levels before it reverses down.
No comments:
Post a Comment