Nifty trade in very narrow range with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 0.55% with 1.2 breadth.
2. 420th day since the highs of 6338, 146th day since the lows of 4531.
Nifty is again trading in its trading band between 5200-5350.Nifty may or may not have completed the upmove from 4770. Trading range on monthly/quarterly remains quite narrow being less than 200 in about 3 weeks. So look for volatility to begin in coming days in the direction of the next move.
1. Nifty up by 0.55% with 1.2 breadth.
2. 420th day since the highs of 6338, 146th day since the lows of 4531.
Nifty is again trading in its trading band between 5200-5350.Nifty may or may not have completed the upmove from 4770. Trading range on monthly/quarterly remains quite narrow being less than 200 in about 3 weeks. So look for volatility to begin in coming days in the direction of the next move.
No comments:
Post a Comment