Nifty traded above 5200 in 61 point range with low volumes and neutral breadth. Important points for today.
1. Nifty up by 0.8% with 1.4 breadth.
2. 364th day since the highs of 6338, 90th day since the lows of 4531, 47th day since the swing highs of 5629.
Nifty remains stuck in its narrow range consolidation unable to find trigger to break out of its range.Nifty ended this month with a range of 218 points(5160-5378).Nifty is likely to expand its quarterly range in this month. Since Nifty is moving in a slow paced narrow range,so any breakout from this range is likely to be modest in speed only.
1. Nifty up by 0.8% with 1.4 breadth.
2. 364th day since the highs of 6338, 90th day since the lows of 4531, 47th day since the swing highs of 5629.
Nifty remains stuck in its narrow range consolidation unable to find trigger to break out of its range.Nifty ended this month with a range of 218 points(5160-5378).Nifty is likely to expand its quarterly range in this month. Since Nifty is moving in a slow paced narrow range,so any breakout from this range is likely to be modest in speed only.
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