Nifty ended the day with big +ve close with higher volumes and +ve breadth. Important points for today.
1. Nifty up by 2.2% with 2.7 breadth.
2. 329th day since the highs of 6338, 55th day since the lows of 4531.
Even after Nifty's big bounce today, it has done 3rd consecutive weekly close in the red.Nifty is likely to attempt sub 5200 levels again before it goes past 5450 levels. But if Nifty surges past 5450-5500 levels next week, then new highs above 5630 may be possible(though less likely). Nifty may remain bearish for next week also but after that Nifty should turn up till the end of month.This month's range remains at 221 points.
No comments:
Post a Comment