Nifty moved up above 5900 with low volumes and neutral breadth. Important points for today.
1. Nifty up by 0.7% with 1.4 breadth.
2. 526th day since the highs of 6338, 250th day since the lows of 4531.
Nifty took another upturn closing above 5900 levels.If Nifty is headed up in an impulsive move, then it should move up above 5950 closing basis in next 2 days of this week.But if Nifty falters again below 5900/5850 level on weekly closing basis then deeper downsides may happen in January. Monthly/Quarterly ranges have not changed in this week so far.
1. Nifty up by 0.7% with 1.4 breadth.
2. 526th day since the highs of 6338, 250th day since the lows of 4531.
Nifty took another upturn closing above 5900 levels.If Nifty is headed up in an impulsive move, then it should move up above 5950 closing basis in next 2 days of this week.But if Nifty falters again below 5900/5850 level on weekly closing basis then deeper downsides may happen in January. Monthly/Quarterly ranges have not changed in this week so far.
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