Nifty broke out strongly above 5450 levels amid high volumes and neutral breadth. Important points for today.
1. Nifty up by 2.9% with 1.2 breadth.
2. 459th day since the highs of 6338, 185th day since the lows of 4531.
Nifty has broken the range of last few weeks on the upside with strong volumes, indicating that rally has steam in it.With this move, Nifty's monthly and quarterly range stands at 372/555 points. The weekly closing was up by 4.1% . Nifty has jumped by 319 points in last 2 weeks, indicating that the upside breakout has a strong momentum, that should continue for next few weeks.
1. Nifty up by 2.9% with 1.2 breadth.
2. 459th day since the highs of 6338, 185th day since the lows of 4531.
Nifty has broken the range of last few weeks on the upside with strong volumes, indicating that rally has steam in it.With this move, Nifty's monthly and quarterly range stands at 372/555 points. The weekly closing was up by 4.1% . Nifty has jumped by 319 points in last 2 weeks, indicating that the upside breakout has a strong momentum, that should continue for next few weeks.
No comments:
Post a Comment