Nifty was sideways with moderate volume and +ve bias. Important points for today.
1. Nifty up by 0.2% with 1.5 breadth.
2. 409th day since the highs of 6338, 135th day since the lows of 4531, 92nd day since the swing highs of 5629.
Nifty has moved in a narrow range of 55 points in 2 days of this week after big breakout on Friday.If Nifty moves like this for next 2-3 days then this may be a mild breakout instead of big breakout implying that Nifty's breakout above 5200 is likely a capitulating move.July has started on a slow pace with 55 points only in 2 days of trading.
1. Nifty up by 0.2% with 1.5 breadth.
2. 409th day since the highs of 6338, 135th day since the lows of 4531, 92nd day since the swing highs of 5629.
Nifty has moved in a narrow range of 55 points in 2 days of this week after big breakout on Friday.If Nifty moves like this for next 2-3 days then this may be a mild breakout instead of big breakout implying that Nifty's breakout above 5200 is likely a capitulating move.July has started on a slow pace with 55 points only in 2 days of trading.
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