Nifty traded with +ve bias amid low volumes and +ve breadth. Important points for today.
1. Nifty up by 0.7% with 2.15 breadth.
2. 565th day since the highs of 6338, 289th day since the lows of 4531.
Nifty after hovering around 5900 levels till afternoon bounced to close near 5950.Nifty is trading with +ve bias since last 2 days but volumes are very low not quite confirming that Nifty may be heading to higher levels.Nifty is bouncing off the support levels of 5850 which is trendline support from 4770 levels.If Nifty stays +ve for next 3 days, there is a good chance that Nifty may see highs above 6100 level in coming days.
1. Nifty up by 0.7% with 2.15 breadth.
2. 565th day since the highs of 6338, 289th day since the lows of 4531.
Nifty after hovering around 5900 levels till afternoon bounced to close near 5950.Nifty is trading with +ve bias since last 2 days but volumes are very low not quite confirming that Nifty may be heading to higher levels.Nifty is bouncing off the support levels of 5850 which is trendline support from 4770 levels.If Nifty stays +ve for next 3 days, there is a good chance that Nifty may see highs above 6100 level in coming days.
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