Nifty continued its upsurge with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 0.65% with 1.1 breadth.
2. 599th day since the highs of 6338, 323rd day since the lows of 4531.
Nifty went past 5600+ levels and closed marginally below it. Nifty has bounced about 2% from the lows. Nifty remained in 10 weeks of downtrend, so this bounce marks Nifty marking a short term bottom here. Only on a sustained strength ,could indicate that Nifty may in an impulsive upmove. This week's range now stands at 133 points.
1. Nifty up by 0.65% with 1.1 breadth.
2. 599th day since the highs of 6338, 323rd day since the lows of 4531.
Nifty went past 5600+ levels and closed marginally below it. Nifty has bounced about 2% from the lows. Nifty remained in 10 weeks of downtrend, so this bounce marks Nifty marking a short term bottom here. Only on a sustained strength ,could indicate that Nifty may in an impulsive upmove. This week's range now stands at 133 points.
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