Nifty hovered around 5000 levels with lower volumes and neutral breadth. Important points for today.
1. Nifty up by 0.1% with 1.0 breadth.
2. 384th day since the highs of 6338, 110th day since the lows of 4531, 67th day since the swing highs of 5629.
Nifty moved past 5000 levels but closed below it.Today was 4th day of upmove of Nifty.Nifty is moving up but in a slow momentum .Nifty has crossed 4950 resistance levels, so if Nifty now closes below 4950 then it may point to reversal in Nifty's short term move to down.Nifty's monthly range remains at 490 and quarterly range at 590 points.
1. Nifty up by 0.1% with 1.0 breadth.
2. 384th day since the highs of 6338, 110th day since the lows of 4531, 67th day since the swing highs of 5629.
Nifty moved past 5000 levels but closed below it.Today was 4th day of upmove of Nifty.Nifty is moving up but in a slow momentum .Nifty has crossed 4950 resistance levels, so if Nifty now closes below 4950 then it may point to reversal in Nifty's short term move to down.Nifty's monthly range remains at 490 and quarterly range at 590 points.
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