Nifty hovered inbetween 5300-5350 with low volumes and neutral breadth. Important points for today.
1. Nifty moved up by 0.5% with 1.2 breadth.
2. 437th day since the highs of 6338, 163rd day since the lows of 4531.
Nifty moved in a 43 point range and closed above the previous swing highs of 5345.Nifty remains in sideways range with upward bias.Nifty 's momentum is slowing down though it is able to move up.Trendless behaviour is not giving any opportunity to play in Nifty.
1. Nifty moved up by 0.5% with 1.2 breadth.
2. 437th day since the highs of 6338, 163rd day since the lows of 4531.
Nifty moved in a 43 point range and closed above the previous swing highs of 5345.Nifty remains in sideways range with upward bias.Nifty 's momentum is slowing down though it is able to move up.Trendless behaviour is not giving any opportunity to play in Nifty.
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