Nifty wavered around 5400 levels after closing above 5400 yesterday with low volumes and neutral breadth. Important points for today.
1. Nifty down by 0.2% with 1.0 breadth.
2. 442nd day since the highs of 6338, 168th day since the lows of 4531.
Nifty though wobbled but closed above 5400 today for the 2nd consecutive day.Nifty's range for this month till today stands at 65 points. Upside momentum is missing though bias remains up.Nifty has not given sign of capitulation for this upmove, so more days of this lopsided upmove may continue. Monthly/Quarterly range remain at 271/401 points.
1. Nifty down by 0.2% with 1.0 breadth.
2. 442nd day since the highs of 6338, 168th day since the lows of 4531.
Nifty though wobbled but closed above 5400 today for the 2nd consecutive day.Nifty's range for this month till today stands at 65 points. Upside momentum is missing though bias remains up.Nifty has not given sign of capitulation for this upmove, so more days of this lopsided upmove may continue. Monthly/Quarterly range remain at 271/401 points.
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