Nifty moved sideways around 5350 with moderately high volumes and neutral breadth. Important points for today.
1. Nifty flat with 0.7 breadth.
2. 434th day since the highs of 6338, 160th day since the lows of 4531.
Nifty consolidated the gains made during last 2-3 days around 5350 levels.5350 has been broken decisively now, and next higher levels upto 5500-5600 should open now.Monthly range stands at 213 points till today and quarterly range is 345 points. if Nifty clears the hurdle of 5400 by next week, then I expect Nifty to test 5700+ levels by next month before undergoing any decent correction.Bias remains up unless Nifty starts trading below 5200 levels.
1. Nifty flat with 0.7 breadth.
2. 434th day since the highs of 6338, 160th day since the lows of 4531.
Nifty consolidated the gains made during last 2-3 days around 5350 levels.5350 has been broken decisively now, and next higher levels upto 5500-5600 should open now.Monthly range stands at 213 points till today and quarterly range is 345 points. if Nifty clears the hurdle of 5400 by next week, then I expect Nifty to test 5700+ levels by next month before undergoing any decent correction.Bias remains up unless Nifty starts trading below 5200 levels.
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