Nifty took support at lower 5000 levels and bounced up to close above 5100 levels with lower volumes and neutral breadth. Important points for today.
1. Nifty closed up 1.2% with 1.15 breadth.
2. 394th day since the highs of 6338, 120th day since the lows of 4531, 77th day since the swing highs of 5629.
Nifty closed above 5100 levels.Today was 7th day of upturn. Nifty may spend some time around 5200 levels and then go down or if crosses 5200 with momentum and sustains it for couple of days then it may head higher.
Nifty 's monthly range stands at 358 points till today and quarterly range remains 608 points.
1. Nifty closed up 1.2% with 1.15 breadth.
2. 394th day since the highs of 6338, 120th day since the lows of 4531, 77th day since the swing highs of 5629.
Nifty closed above 5100 levels.Today was 7th day of upturn. Nifty may spend some time around 5200 levels and then go down or if crosses 5200 with momentum and sustains it for couple of days then it may head higher.
Nifty 's monthly range stands at 358 points till today and quarterly range remains 608 points.
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