Nifty gained further with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 0.4% with 0.9 breadth.
2. 616th day since the highs of 6338, 339th day since the lows of 4531.
Nifty closed above 6050 today. Nifty has broken the resistance path off 6000-6100 levels but in the process seems to have lost its vigour for now.So shallow to sharp correction may happen now for rally to extend further.Monthly range now stands at 173 points and weekly range is 155 points. Quarterly range is 606 points as of today. Let's us whether Nifty corrects from around 6100 level or it may go further up towards 6200-6300 before correcting.
1. Nifty up by 0.4% with 0.9 breadth.
2. 616th day since the highs of 6338, 339th day since the lows of 4531.
Nifty closed above 6050 today. Nifty has broken the resistance path off 6000-6100 levels but in the process seems to have lost its vigour for now.So shallow to sharp correction may happen now for rally to extend further.Monthly range now stands at 173 points and weekly range is 155 points. Quarterly range is 606 points as of today. Let's us whether Nifty corrects from around 6100 level or it may go further up towards 6200-6300 before correcting.
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