Nifty moved in a narrow range on expiry day with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 0.25% with 0.7 breadth.
2. 485th day since the highs of 6338, 211st day since the lows of 4531.
Nifty's range today was only 33 points.With only 4 days to go in October, Monthly range is 182 points in this highly volatile month of October.Some range expansion should happen in next 4 days.If Nifty maintains +ve bias in next 2 days, expect Nifty to breakout during last 1-2 days of this month.Barring the plunge to sub 5000 levels in Nifty on Oct5, Nifty's quarterly range also stands at 182 points till today.
1. Nifty up by 0.25% with 0.7 breadth.
2. 485th day since the highs of 6338, 211st day since the lows of 4531.
Nifty's range today was only 33 points.With only 4 days to go in October, Monthly range is 182 points in this highly volatile month of October.Some range expansion should happen in next 4 days.If Nifty maintains +ve bias in next 2 days, expect Nifty to breakout during last 1-2 days of this month.Barring the plunge to sub 5000 levels in Nifty on Oct5, Nifty's quarterly range also stands at 182 points till today.
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