Nifty halted its ascend amid low volumes and neutral breadth. Important points for today.
1. Nifty flat with 0.75 breadth.
2. 505th day since the highs of 6338, 229th day since the lows of 4531.
Nifty ended the week with gain of about 0.9%.Range for this month remains at 229 points and for this quarter stands at 267 points.Range expansion for this quarter is very much due and should happen any time with expiry week being among good times for this.I expect that the upmove that started from 4531 in last december may be reaching its end with one final upmove above 6000.
1. Nifty flat with 0.75 breadth.
2. 505th day since the highs of 6338, 229th day since the lows of 4531.
Nifty ended the week with gain of about 0.9%.Range for this month remains at 229 points and for this quarter stands at 267 points.Range expansion for this quarter is very much due and should happen any time with expiry week being among good times for this.I expect that the upmove that started from 4531 in last december may be reaching its end with one final upmove above 6000.
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