Nifty moved up on higher volumes with mildly bullish breadth. Important points for today.
1. Nifty up by 0.9% with 1.6 breadth.
2. 510th day since the highs of 6338, 232nd day since the lows of 4531.
Nifty has closed the weekly with a gain of 4.5%. This upside breakout is with increased volumes , so it has some strength in it.Monthly range for November stands at 327 points which is same as quarterly range also while yearly range is 1297 points. The current move should extend to 6000-6100 levels before any pause in Nifty is there.Nifty may or may not cross all time highs. I expect that by around middle of December, Nifty may nearly exhaust itself up.
1. Nifty up by 0.9% with 1.6 breadth.
2. 510th day since the highs of 6338, 232nd day since the lows of 4531.
Nifty has closed the weekly with a gain of 4.5%. This upside breakout is with increased volumes , so it has some strength in it.Monthly range for November stands at 327 points which is same as quarterly range also while yearly range is 1297 points. The current move should extend to 6000-6100 levels before any pause in Nifty is there.Nifty may or may not cross all time highs. I expect that by around middle of December, Nifty may nearly exhaust itself up.
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