Nifty moved in a narrow range of 41 points with moderately low volumes and +ve breadth. Important points for today.
1. Nifty up by 0.35% with 1.7 breadth.
2. 400th day since the highs of 6338, 126th day since the lows of 4531, 83rd day since the swing highs of 5629.
Nifty was sideways and moved just above 5100 levels.After Monday's big range , Nifty has stayed within Monday's trading range for the last 2 days.Nifty is trading in narrow range for 2nd week now after big range expansion in 1st week of June.Nifty is sideways moving in a range from 5000-5200 for few days now.Only momentum breakout above 5200 should open further upsides for Nifty.
1. Nifty up by 0.35% with 1.7 breadth.
2. 400th day since the highs of 6338, 126th day since the lows of 4531, 83rd day since the swing highs of 5629.
Nifty was sideways and moved just above 5100 levels.After Monday's big range , Nifty has stayed within Monday's trading range for the last 2 days.Nifty is trading in narrow range for 2nd week now after big range expansion in 1st week of June.Nifty is sideways moving in a range from 5000-5200 for few days now.Only momentum breakout above 5200 should open further upsides for Nifty.
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