Nifty attempted further high levels but could not sustain there and closed flat with moderate volumes and neutral breadth. Important points for today.
1. Nifty closed flat with 0.9 breadth.
2. 443rd day since the highs of 6338, 169th day since the lows of 4531.
Nifty closed above 5400 level for 3rd consecutive day, though breadth and volumes have not picked up after breaking above 5400 levels.Nifty remains in uptrend but slow move with low volumes put this upmove in doubt after every short intraday selloff.Monthly/Quarterly range now stands at 284/416 points.200 point move in either direction is possible in next few days.
1. Nifty closed flat with 0.9 breadth.
2. 443rd day since the highs of 6338, 169th day since the lows of 4531.
Nifty closed above 5400 level for 3rd consecutive day, though breadth and volumes have not picked up after breaking above 5400 levels.Nifty remains in uptrend but slow move with low volumes put this upmove in doubt after every short intraday selloff.Monthly/Quarterly range now stands at 284/416 points.200 point move in either direction is possible in next few days.
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