Nifty extended the gains to touch 5350 with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 1.0% with1.3 breadth.
2. 433rd day since the highs of 6338, 159th day since the lows of 4531.
Nifty surpassed the previous highs of 5348 today.Breadth is just above neutral indicating that upmove is loosing steam.But Nifty remains in clear uptrend and this could continue for few days.Monthly range for August is 181 points till today and this week's range is 90 points.Chances of a deep dip has receeded but Nifty could undergo correction from 5400-5600 zone.
1. Nifty up by 1.0% with1.3 breadth.
2. 433rd day since the highs of 6338, 159th day since the lows of 4531.
Nifty surpassed the previous highs of 5348 today.Breadth is just above neutral indicating that upmove is loosing steam.But Nifty remains in clear uptrend and this could continue for few days.Monthly range for August is 181 points till today and this week's range is 90 points.Chances of a deep dip has receeded but Nifty could undergo correction from 5400-5600 zone.
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