Nifty consolidated its breakout above 5800 levels with higher volumes and neutral breadth. Important points for today.
1. Nifty up by 0.2% with 1.4 breadth.
2. 512th day since the highs of 6338, 236th day since the lows of 4531.
Nifty after breaking out above 5800 levels has not shown bif price upmoves, though volumes are good in pause mode. If Nifty keeps on moving up in gliding fashion, then there is good chance of this being the capitulating move of the upmove that started started from 4531. Weekly/Monthly range stands at 63 points in 3days. Yearly/Quarterly range is 1329/369 points.
1. Nifty up by 0.2% with 1.4 breadth.
2. 512th day since the highs of 6338, 236th day since the lows of 4531.
Nifty after breaking out above 5800 levels has not shown bif price upmoves, though volumes are good in pause mode. If Nifty keeps on moving up in gliding fashion, then there is good chance of this being the capitulating move of the upmove that started started from 4531. Weekly/Monthly range stands at 63 points in 3days. Yearly/Quarterly range is 1329/369 points.
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