Nifty moved in 50 point range amid moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 0.3% with 0.84 breadth.
2. 624th day since the highs of 6338, 347th day since the lows of 4531.
Nifty edged up to just below 6200 levels. Nifty is poised upwards and has momentum in its favour. After breaking above 6100, Nifty looks to be undergoing a running connection. This appears to be a bullish symptom. Nifty was up by 1.3% for the week. This was 5th consecutive upweek of Nifty. Nifty is now within 2.5% of the old highs. Weekly/Monthly/Quarterly range is now 229/289/722 points.
1. Nifty up by 0.3% with 0.84 breadth.
2. 624th day since the highs of 6338, 347th day since the lows of 4531.
Nifty edged up to just below 6200 levels. Nifty is poised upwards and has momentum in its favour. After breaking above 6100, Nifty looks to be undergoing a running connection. This appears to be a bullish symptom. Nifty was up by 1.3% for the week. This was 5th consecutive upweek of Nifty. Nifty is now within 2.5% of the old highs. Weekly/Monthly/Quarterly range is now 229/289/722 points.
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