Nifty powered its way up with moderately high volumes and +ve breadth. Important points for today.
1. Nifty up by 2.5% with 2.0 breadth.
2. 622nd day since the highs of 6338, 345th day since the lows of 4531.
Nifty crossed the 6100 resistance in style with big momentum closing just below 6150 levels. New highs above 6300 look likely in next few days. Nifty is trading with +ve momentum currently so bias remains up till any signs of weakness appear. Weekly,monthly quarterly range are 187/247/680 points. Range expansion has happened on upside and further extension looks likely here.
1. Nifty up by 2.5% with 2.0 breadth.
2. 622nd day since the highs of 6338, 345th day since the lows of 4531.
Nifty crossed the 6100 resistance in style with big momentum closing just below 6150 levels. New highs above 6300 look likely in next few days. Nifty is trading with +ve momentum currently so bias remains up till any signs of weakness appear. Weekly,monthly quarterly range are 187/247/680 points. Range expansion has happened on upside and further extension looks likely here.
No comments:
Post a Comment