Nifty powered up with strong volumes to surpass 5700. Important points for today.
1. Nifty up by 2.5% with 2.25 breadth.
2. 463rd day since the highs of 6338, 189th day since the lows of 4531.
Nifty closed up strongly.Today was 3rd consecutive up week.Nifty has rallied 433 points(8.3% ) in 3 weeks. Today's weekly closing is above the previous feb highs of 5629, indicating Nifty is in strong uptrend now. Next upside resistance comes at around 5950-6000 and then 6300 levels. These levels could be possible in next few weeks.With today's move Nifty's monthly and quarterly range now stand at 505/688 points.
1. Nifty up by 2.5% with 2.25 breadth.
2. 463rd day since the highs of 6338, 189th day since the lows of 4531.
Nifty closed up strongly.Today was 3rd consecutive up week.Nifty has rallied 433 points(8.3% ) in 3 weeks. Today's weekly closing is above the previous feb highs of 5629, indicating Nifty is in strong uptrend now. Next upside resistance comes at around 5950-6000 and then 6300 levels. These levels could be possible in next few weeks.With today's move Nifty's monthly and quarterly range now stand at 505/688 points.
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