Nifty bounced towards 6100 levels with lower volumes and neutral breadth. Important points for today.
1. Nifty up by 0.8% with 1.0 breadth.
2. 671st day since the highs of 6338, 389th day since the lows of 4531.
Nifty had a mini breakout above 6060 levels amid lower volumes. Range was only 32 points today and upside was led by Bank Nifty. Nifty may either pause again at 6100-6150 OR it may keep drifting high towards 6200+ levels. Weekly/Monthly range stand at 89/333 points. This is the 5th week of upmove from 5566 levels.
1. Nifty up by 0.8% with 1.0 breadth.
2. 671st day since the highs of 6338, 389th day since the lows of 4531.
Nifty had a mini breakout above 6060 levels amid lower volumes. Range was only 32 points today and upside was led by Bank Nifty. Nifty may either pause again at 6100-6150 OR it may keep drifting high towards 6200+ levels. Weekly/Monthly range stand at 89/333 points. This is the 5th week of upmove from 5566 levels.
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