Nifty was rangebound with low volumes and neutral breadth. Important points for today.
1. Nifty up by 0.2% with 1.0 breadth.
2. 478th day since the highs of 6338, 204th day since the lows of 4531.
Nifty was in 42 point range today.Nifty may keep moving in 5650-5800 range for some days.If level of 5650 is maintained and 5800 is taken around expiry, fast upside move could be expected in that case.Monthly range remains at 179 points. October till now is very low range.I expect range expansion in october around/after expiry time.
1. Nifty up by 0.2% with 1.0 breadth.
2. 478th day since the highs of 6338, 204th day since the lows of 4531.
Nifty was in 42 point range today.Nifty may keep moving in 5650-5800 range for some days.If level of 5650 is maintained and 5800 is taken around expiry, fast upside move could be expected in that case.Monthly range remains at 179 points. October till now is very low range.I expect range expansion in october around/after expiry time.
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