Nifty opened above 5950 with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 0.4% with 0.9 breadth.
2. 611th day since the highs of 6338, 334th day since the lows of 4531.
Nifty traded with +ve bias today and ended the month with a range of 485 points and gain of 4.5%.Nifty attempted 5950 levels but closed below it.Nifty has +ve momentum currently but would require strong momentum to cross 6000-6100 zone. Contrarily if Nifty is topping out here, there could be swift reversal also. Quarterly range is 485 points.
1. Nifty up by 0.4% with 0.9 breadth.
2. 611th day since the highs of 6338, 334th day since the lows of 4531.
Nifty traded with +ve bias today and ended the month with a range of 485 points and gain of 4.5%.Nifty attempted 5950 levels but closed below it.Nifty has +ve momentum currently but would require strong momentum to cross 6000-6100 zone. Contrarily if Nifty is topping out here, there could be swift reversal also. Quarterly range is 485 points.
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