Nifty moved in a narrow range with moderate volumes and neutral breadth. Important points for today.
1. Nifty down by 0.35% with 1.2 breadth.
2. 439th day since the highs of 6338, 165th day since the lows of 4531.
Nifty consolidated the gains made above 5350 and closed mildly in the red.Nifty remains in upmove. If tomorrow's weekly closing is above 5350, then Nifty should likely target next level of 5600 in next few days. Despite low volumes and slow momentum in upmove, Nifty has not given any signs of turning as of now. Monthly/Quarterly range stands at 226/358 points.
1. Nifty down by 0.35% with 1.2 breadth.
2. 439th day since the highs of 6338, 165th day since the lows of 4531.
Nifty consolidated the gains made above 5350 and closed mildly in the red.Nifty remains in upmove. If tomorrow's weekly closing is above 5350, then Nifty should likely target next level of 5600 in next few days. Despite low volumes and slow momentum in upmove, Nifty has not given any signs of turning as of now. Monthly/Quarterly range stands at 226/358 points.
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