Nifty moved further up above 6050 with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 0.5% with 1.0 breadth.
2. 540th day since the highs of 6338, 264th day since the lows of 4531.
Nifty strengthened further above 6050 levels and closed above it.Nifty since making momentum impulsive move of 5815 from 5215 is in sideways upmove since last 3 months.This indicates that an impulsive move could come soon that may be capitulation and take Nifty to new highs.This week's range is 106 points till today and monthly range is 133 points.
1. Nifty up by 0.5% with 1.0 breadth.
2. 540th day since the highs of 6338, 264th day since the lows of 4531.
Nifty strengthened further above 6050 levels and closed above it.Nifty since making momentum impulsive move of 5815 from 5215 is in sideways upmove since last 3 months.This indicates that an impulsive move could come soon that may be capitulation and take Nifty to new highs.This week's range is 106 points till today and monthly range is 133 points.
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