Nifty extended its rally to close near 5950 levels with moderate volumes and +ve breadth. Important points for today.
1. Nifty up by 1.4% with 1.9 breadth.
2. 578th day since the highs of 6338, 302nd day since the lows of 4531,6th day since the lows of 5693.
Nifty was up for the 4th consecutive day.Nifty has crossed the resistance levels of 5850-5900 levels and done weekly closing above it.This was 62nd week of this upmove from 4531.This week's range was 289 points.This upmove looks like a strong impulsive move and may take Nifty to new highs above 6300 if 6100 is broken next week.
1. Nifty up by 1.4% with 1.9 breadth.
2. 578th day since the highs of 6338, 302nd day since the lows of 4531,6th day since the lows of 5693.
Nifty was up for the 4th consecutive day.Nifty has crossed the resistance levels of 5850-5900 levels and done weekly closing above it.This was 62nd week of this upmove from 4531.This week's range was 289 points.This upmove looks like a strong impulsive move and may take Nifty to new highs above 6300 if 6100 is broken next week.
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