Nifty gathered strength to go above 5800 with high volumes and +ve breadth. Important points for today.
1. Nifty up by 2.9% with 2.7 breadth.
2. 653rd day since the highs of 6338, 375th day since the lows of 4531.
Nifty closed strongly for the 2nd consecutive day.5850-5950/6000 is the resistance zone. Nifty closed the week with gain of 3% and Quarterly close with gain of 2.9%. This week's range was 286 points and Quarterly range was 752 points. Nifty should breach this Quarter's low/high in next Quarter (5477/6229).
1. Nifty up by 2.9% with 2.7 breadth.
2. 653rd day since the highs of 6338, 375th day since the lows of 4531.
Nifty closed strongly for the 2nd consecutive day.5850-5950/6000 is the resistance zone. Nifty closed the week with gain of 3% and Quarterly close with gain of 2.9%. This week's range was 286 points and Quarterly range was 752 points. Nifty should breach this Quarter's low/high in next Quarter (5477/6229).
No comments:
Post a Comment