Nifty managed to cross 6000 level today with moderate volumes and +ve breadth. Important points for today.
1. Nifty up by 1.2% with 1.8 breadth.
2. 615th day since the highs of 6338, 338th day since the lows of 4531.
Nifty closed above 6000 levels today. Another 2-3 days of 6000+ close should give a bright indication of Nifty moving to new highs above 6300 levels.But if nifty does a correction over to here to sub 6000 levels then bear case will remain open.Monthly range now stands at 140 points and quarterly range is 573 points.
1. Nifty up by 1.2% with 1.8 breadth.
2. 615th day since the highs of 6338, 338th day since the lows of 4531.
Nifty closed above 6000 levels today. Another 2-3 days of 6000+ close should give a bright indication of Nifty moving to new highs above 6300 levels.But if nifty does a correction over to here to sub 6000 levels then bear case will remain open.Monthly range now stands at 140 points and quarterly range is 573 points.
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