Nifty went past 6000 levels today with moderate volumes and +ve breadth. Important points for today.
1. Nifty up by 0.7% with 1.7 breadth.
2. 531st day since the highs of 6338, 255th day since the lows of 4531.
Nifty crossed the psychological level of 6000 but closed below it. Range though was narrow of only 24 points. Nifty's range in last 3 days is very narrow being only 20-30 points.Nifty's breakout has not shown any momentum above 5950. Whether this is capitulation or not will be known in next few days.
1. Nifty up by 0.7% with 1.7 breadth.
2. 531st day since the highs of 6338, 255th day since the lows of 4531.
Nifty crossed the psychological level of 6000 but closed below it. Range though was narrow of only 24 points. Nifty's range in last 3 days is very narrow being only 20-30 points.Nifty's breakout has not shown any momentum above 5950. Whether this is capitulation or not will be known in next few days.
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