Nifty moved in 50 point range with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 0.2% with 0.8 breadth.
2. 480th day since the highs of 6338, 206th day since the lows of 4531.
Nifty has taken support at sub 5650 levels multiple times now,only indicates that support is coming in at lower 5600 levels. Any close above 5700 now, should put Nifty in a short term upward momentum.Nifty after rising by 600 points has done a shallow correction of 180 points only , indicating that goop buying support is coming in. Nifty could see new highs if it sustains above recent highs of 5800 for few days.Monthly range stands at 182 points.
1. Nifty up by 0.2% with 0.8 breadth.
2. 480th day since the highs of 6338, 206th day since the lows of 4531.
Nifty has taken support at sub 5650 levels multiple times now,only indicates that support is coming in at lower 5600 levels. Any close above 5700 now, should put Nifty in a short term upward momentum.Nifty after rising by 600 points has done a shallow correction of 180 points only , indicating that goop buying support is coming in. Nifty could see new highs if it sustains above recent highs of 5800 for few days.Monthly range stands at 182 points.
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