Nifty moved further up above 5400 amid moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 0.8% with 1.4 breadth.
2. 457th day since the highs of 6338, 183rd day since the lows of 4531.
Nifty closed above 5400 levels today.Nifty is approaching earlier swing highs of 5448.Todays' volumes were better than of last few days.Nifty's slow but firm move upwards since last 5-6 days is putting Nifty in a strong position.If Nifty manages to cross/close above 5448, then Nifty's range expansion is likely to happen on upside in the coming weeks. September Monthly range now stands at 220 points, Quarterly range remains at 416 points till today.
1. Nifty up by 0.8% with 1.4 breadth.
2. 457th day since the highs of 6338, 183rd day since the lows of 4531.
Nifty closed above 5400 levels today.Nifty is approaching earlier swing highs of 5448.Todays' volumes were better than of last few days.Nifty's slow but firm move upwards since last 5-6 days is putting Nifty in a strong position.If Nifty manages to cross/close above 5448, then Nifty's range expansion is likely to happen on upside in the coming weeks. September Monthly range now stands at 220 points, Quarterly range remains at 416 points till today.
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