Nifty was sideways today in a narrow range with higher volumes. Important points for today.
1. Nifty down by 0.18% with 1.6 breadth.
2. 461st day since the highs of 6338, 187th day since the lows of 4531.
Nifty sustained 5600 levels on closing basis though it was muted price movement.Volumes remained high in Nifty.Increased volumes breakout lends credibility to this breakout and should likely resume in next few days without seeing any deeper correction (not below 5450).Monthly/Quarterly range remain at 437/620 points with 7 days to go.
1. Nifty down by 0.18% with 1.6 breadth.
2. 461st day since the highs of 6338, 187th day since the lows of 4531.
Nifty sustained 5600 levels on closing basis though it was muted price movement.Volumes remained high in Nifty.Increased volumes breakout lends credibility to this breakout and should likely resume in next few days without seeing any deeper correction (not below 5450).Monthly/Quarterly range remain at 437/620 points with 7 days to go.
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