Nifty traded in narrow range with low volumes .Important points for today.
1. Nifty up by 0.5% with 1.45 breadth.
2. 614th day since the highs of 6338, 337th day since the lows of 4531.
Nifty traded in a 48 point range. Nifty showed some signs of exhaustion in todays move. If Nifty trades flat this week, there is good chance of Nifty retracing to below 5900 in days ahead. Only a close above 6000 and sustaining above it will indicate strength in Nifty for going further high.This month's range remains at 109 points till today.
1. Nifty up by 0.5% with 1.45 breadth.
2. 614th day since the highs of 6338, 337th day since the lows of 4531.
Nifty traded in a 48 point range. Nifty showed some signs of exhaustion in todays move. If Nifty trades flat this week, there is good chance of Nifty retracing to below 5900 in days ahead. Only a close above 6000 and sustaining above it will indicate strength in Nifty for going further high.This month's range remains at 109 points till today.
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