Nifty closed above 5350 with high volumes and +ve breadth. Important points for today.
1. Nifty up by 0.7% with 2.0 breadth.
2. 308th day since the highs of 6338, 33rd day since the lows of 4531.
Nifty closed above previous medium term swing closing high of 5360.Nifty has done a bullish break by breaking previous high in 33 days while it took 34 days to fall to 4531 from 5399.Though Nifty is yet to break the highs of 5399.I don't expect Nifty to undergo correction but enter into narrow range consolidation for next few days.Nifty is entering a big inflection point here as the move after pause is expected to clear up further bull/bear path of Nifty.This month's range stands at 231 points till today.
No comments:
Post a Comment