Nifty hovered around 6050 with moderate volumes and -ve breadth. Important points for today.
1. Nifty up by 0.1% with 0.39 breadth.
2. 546th day since the highs of 6338, 270th day since the lows of 4531.
Nifty fell to 6020 before bouncing to 6050+. Nifty is trading above 6000 levels for few days now but not making any decisive move.This may be consolidation for a bigger upmove OR it may be exhaustion at 6000+ levels. Only Nifty's next move will decide the course.Weekly range is 81 points and monthly range is 166 points. This Month/Quarter has started on Low range.
1. Nifty up by 0.1% with 0.39 breadth.
2. 546th day since the highs of 6338, 270th day since the lows of 4531.
Nifty fell to 6020 before bouncing to 6050+. Nifty is trading above 6000 levels for few days now but not making any decisive move.This may be consolidation for a bigger upmove OR it may be exhaustion at 6000+ levels. Only Nifty's next move will decide the course.Weekly range is 81 points and monthly range is 166 points. This Month/Quarter has started on Low range.
No comments:
Post a Comment