Nifty Traded below 5300 all day but surged in last half an hour to close above 5300 with high volumes(expiry day). Important points for today.
1. Nifty up by 0.5% with 1.1 breadth.
2. 448th day since the highs of 6338, 174th day since the lows of 4531.
Nifty closed above 5300 today due to surge during last 30 min of trade.If Nifty has put a short term bottom in place , then next 2-4 days should see Nifty crossing 5450 levels.Tomorrow is weekly closing ,so some clues are expected from tomorrow's closing level.Monthly/Quarterly range has not changed in this week.
1. Nifty up by 0.5% with 1.1 breadth.
2. 448th day since the highs of 6338, 174th day since the lows of 4531.
Nifty closed above 5300 today due to surge during last 30 min of trade.If Nifty has put a short term bottom in place , then next 2-4 days should see Nifty crossing 5450 levels.Tomorrow is weekly closing ,so some clues are expected from tomorrow's closing level.Monthly/Quarterly range has not changed in this week.
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