Nifty moved in 47 point range with -ve bias. Important points for today.
1. Nifty down by 0.8% with 0.63 breadth.
2. 609th day since the highs of 6338, 332nd day since the lows of 4531.
Nifty paused in its upmove today.Weekly closing was up 1.55%.Nifty ended this week with a range of 135 points. Next few days should indicate whether Nifty is going back to the lows of 5500- or just pausing in its upmove. If Nifty sustains 5800 level next week, there is a good chance of Nifty make a strong upmove in weeks ahead. Quarterly range is 447 points till today.
1. Nifty down by 0.8% with 0.63 breadth.
2. 609th day since the highs of 6338, 332nd day since the lows of 4531.
Nifty paused in its upmove today.Weekly closing was up 1.55%.Nifty ended this week with a range of 135 points. Next few days should indicate whether Nifty is going back to the lows of 5500- or just pausing in its upmove. If Nifty sustains 5800 level next week, there is a good chance of Nifty make a strong upmove in weeks ahead. Quarterly range is 447 points till today.
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