Nifty jumped back to close above 6050 with moderate volumes and +ve breadth. Important points for today.
1. Nifty up by 0.9% with 1.5 breadth.
2. 548th day since the highs of 6338,272nd day since the lows of 4531.
Nifty ended the week with a gain of 0.15%. This week's range was 94 points and monthly range remains at 166 points with 4 days to go. If Nifty remains in upmove then next 2 weeks could see Nifty touching new highs. But if Nifty is topping out here, then Nifty could retrace to lower support levels of 5800 or so.
1. Nifty up by 0.9% with 1.5 breadth.
2. 548th day since the highs of 6338,272nd day since the lows of 4531.
Nifty ended the week with a gain of 0.15%. This week's range was 94 points and monthly range remains at 166 points with 4 days to go. If Nifty remains in upmove then next 2 weeks could see Nifty touching new highs. But if Nifty is topping out here, then Nifty could retrace to lower support levels of 5800 or so.
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