Nifty powered up today with moderate volumes and +ve breadth to close near 5350. Important points for today.
1. Nifty up by 1.3% with 1.9 breadth.
2. 413th day since the highs of 6338, 139th day since the lows of 4531, 96th day since the swing highs of 5629.
Nifty has come out of its sideways range of 100 points today.The +ve momentum should continue in near term.Range for this month/quarter stands at 91 points till today.Today was 27 days since 4770 levels.Nifty remains in uptrend so further upmove should be possible though momentum seems lacking.
1. Nifty up by 1.3% with 1.9 breadth.
2. 413th day since the highs of 6338, 139th day since the lows of 4531, 96th day since the swing highs of 5629.
Nifty has come out of its sideways range of 100 points today.The +ve momentum should continue in near term.Range for this month/quarter stands at 91 points till today.Today was 27 days since 4770 levels.Nifty remains in uptrend so further upmove should be possible though momentum seems lacking.
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