Nifty moved in a tight range of 33 points with moderate volumes and neutral breadth. Important points for today.
1. Nifty flat with 1.0 breadth.
2. 515th day since the highs of 6338, 239th day since the lows of 4531.
Nifty moved around 5900 in a listless manner.Today was 12th day since the swing lows of 5548 and 7th day since the breakout above 5800 levels.Nifty's lack of momentum above 5800 signals that further upside should be limited.No range expansion today.
1. Nifty flat with 1.0 breadth.
2. 515th day since the highs of 6338, 239th day since the lows of 4531.
Nifty moved around 5900 in a listless manner.Today was 12th day since the swing lows of 5548 and 7th day since the breakout above 5800 levels.Nifty's lack of momentum above 5800 signals that further upside should be limited.No range expansion today.
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