Nifty bounced moderately with low volumes and neutral breadth. Important points for today.
1. Nifty up by 1.1% with 1.0 breadth.
2. 598th day since the highs of 6338, 322nd day since the lows of 4531.
Nifty closed above 5550 levels.If today's bounce sustains for next 2-3 days, then Nifty has made a short term low around 5470+ levels. Retest of this low may be there by next month or so. Monthly range is 277 points and weekly range is 126 points till today.
1. Nifty up by 1.1% with 1.0 breadth.
2. 598th day since the highs of 6338, 322nd day since the lows of 4531.
Nifty closed above 5550 levels.If today's bounce sustains for next 2-3 days, then Nifty has made a short term low around 5470+ levels. Retest of this low may be there by next month or so. Monthly range is 277 points and weekly range is 126 points till today.
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