Nifty crossed 5800 today amid high volumes and neutral breadth. Important points for today.
1. Nifty up by 0.6% with 1.6 breadth.
2. 471st day since the highs of 6338, 197th day since the lows of 4531.
Nifty moved up and closed above 5750 levels. Nifty is edging upwards though in a slow manner but the upmove is showing lot of promise as Nifty has not undergone greater than 1% correction in last 4-5 weeks. This kind of move should evolve into strong thrusting move towards the end.Nifty expanded the range today. Monthly/Weekly range now stands at 113 points.
1. Nifty up by 0.6% with 1.6 breadth.
2. 471st day since the highs of 6338, 197th day since the lows of 4531.
Nifty moved up and closed above 5750 levels. Nifty is edging upwards though in a slow manner but the upmove is showing lot of promise as Nifty has not undergone greater than 1% correction in last 4-5 weeks. This kind of move should evolve into strong thrusting move towards the end.Nifty expanded the range today. Monthly/Weekly range now stands at 113 points.
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