Nifty ended above 5300 on weekly closing with moderate volumes and neutral breadth. Important points for today.
1. Nifty down by 0.2% with 0.67 breadth.
2. 411st day since the highs of 6338, 137th day since the lows of 4531, 94th day since the swing highs of 5629.
Nifty finished this week with a range of just 70 points, This is the lowest weekly range of Nifty in many years.First week of July has generated only 70 points.Nifty is moving very slowly after breakout above 5200, so lookout for capitulation in Nifty with a sharp 100+ point upmove in next few days.This is setting up a very volatile move in next few weeks.This week Nifty has completed 87 weeks since the highs of 6338,
1. Nifty down by 0.2% with 0.67 breadth.
2. 411st day since the highs of 6338, 137th day since the lows of 4531, 94th day since the swing highs of 5629.
Nifty finished this week with a range of just 70 points, This is the lowest weekly range of Nifty in many years.First week of July has generated only 70 points.Nifty is moving very slowly after breakout above 5200, so lookout for capitulation in Nifty with a sharp 100+ point upmove in next few days.This is setting up a very volatile move in next few weeks.This week Nifty has completed 87 weeks since the highs of 6338,
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