Nifty started the week on a positive note and closed above 5700 with moderately low volumes. Important points for today.
1. Nifty up by 0.7% with 0.9 breadth.
2. 483rd day since the highs of 6338, 209th day since the lows of 4531.
Nifty again closed above 5700 levels.Whether Nifty has regained enough momentum to take it further up will be known in next few days, if Nifty keeps moving up for next couple of days.Monthly range stands at 182 points only with 6 days left in this month.5633-5815 are the current endpoints for this month's range. Range expansion is very much likely to happen in the remaining few days of the month.Breach at either end should be the probable direction of the next move.
1. Nifty up by 0.7% with 0.9 breadth.
2. 483rd day since the highs of 6338, 209th day since the lows of 4531.
Nifty again closed above 5700 levels.Whether Nifty has regained enough momentum to take it further up will be known in next few days, if Nifty keeps moving up for next couple of days.Monthly range stands at 182 points only with 6 days left in this month.5633-5815 are the current endpoints for this month's range. Range expansion is very much likely to happen in the remaining few days of the month.Breach at either end should be the probable direction of the next move.
No comments:
Post a Comment