Nifty broke out of its 100+ point range with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 0.55% with 1.5 breadth.
2. 494th day since the highs of 6338, 218th day since the lows of 4531.
Nifty has now broken on the upside of the 100 point range.Today was 6th consecutive up day of Nifty. This could be a strong upmove with a modest start as consecutive days of upmove indicates that breakout has more chances of being real, so fast moves may follow from here.Monthly range is 176 points and weekly range is 98 points till today.
1. Nifty up by 0.55% with 1.5 breadth.
2. 494th day since the highs of 6338, 218th day since the lows of 4531.
Nifty has now broken on the upside of the 100 point range.Today was 6th consecutive up day of Nifty. This could be a strong upmove with a modest start as consecutive days of upmove indicates that breakout has more chances of being real, so fast moves may follow from here.Monthly range is 176 points and weekly range is 98 points till today.
No comments:
Post a Comment