Nifty moved around 5550 without dipping any further with lower volumes and -ve breadth. Important points for today.
1. Nifty up by 0.1% with 0.43 breadth.
2. 501st day since the highs of 6338, 225th day since the lows of 4531.
If Nifty jumps from here to 5700 and above in next few days and closes above 5700 on weekly close then 6000+ levels could be seen in next 1-2 weeks.Monthly range stands at 228 points till now.Yearly range till now is 1227 points. There is a good possibility of a range expansion of 200-300 points happening here for yearly range. Given that current Nifty is near highs of that range , so 6000-6100 may come in next 2-3 weeks.
1. Nifty up by 0.1% with 0.43 breadth.
2. 501st day since the highs of 6338, 225th day since the lows of 4531.
If Nifty jumps from here to 5700 and above in next few days and closes above 5700 on weekly close then 6000+ levels could be seen in next 1-2 weeks.Monthly range stands at 228 points till now.Yearly range till now is 1227 points. There is a good possibility of a range expansion of 200-300 points happening here for yearly range. Given that current Nifty is near highs of that range , so 6000-6100 may come in next 2-3 weeks.
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