Nifty broke past 5900 levels with higher volumes and neutral breadth. Important points for today.
1. Nifty up by 1.4% with 1.15 breadth.
2. 608th day since the highs of 6338, 331st day since the lows of 4531.
Nifty closed above 5900 today. Nifty has retraced 70% of the 11 week fall.And momentum still looks good indicating Nifty has room to move further up. Close above 6000 will open up the gates for new highs above 6300. Monthly range stands at 447 points and weekly range is 135 points. yearly range is 634 points. Range indicator points to yearly range expansion in the month of may ie above 6111 or below 5477.
1. Nifty up by 1.4% with 1.15 breadth.
2. 608th day since the highs of 6338, 331st day since the lows of 4531.
Nifty closed above 5900 today. Nifty has retraced 70% of the 11 week fall.And momentum still looks good indicating Nifty has room to move further up. Close above 6000 will open up the gates for new highs above 6300. Monthly range stands at 447 points and weekly range is 135 points. yearly range is 634 points. Range indicator points to yearly range expansion in the month of may ie above 6111 or below 5477.
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