Nifty closed in green with lower volumes and +ve breadth. Important points for today.
1. Nifty up by 0.3% with 1.5 breadth.
2. 666th day since the highs of 6338, 384th day since the lows of 4531.
Nifty closed above 6000 for 2nd consecutive day. Volumes were low but breadth was +ve . This indicates less conviction in market about the upmove. This is +ve for further upside in Nifty. Nifty looks like it has more steam in the immediate short term. 5950(closing) is the trailing SL for the longs. Monthly range now stands at 278 points.
1. Nifty up by 0.3% with 1.5 breadth.
2. 666th day since the highs of 6338, 384th day since the lows of 4531.
Nifty closed above 6000 for 2nd consecutive day. Volumes were low but breadth was +ve . This indicates less conviction in market about the upmove. This is +ve for further upside in Nifty. Nifty looks like it has more steam in the immediate short term. 5950(closing) is the trailing SL for the longs. Monthly range now stands at 278 points.
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