Nifty opened gap up and touched 5900 level with high volumes and +ve breadth. Important points for today.
1. Nifty up by 3.85% with 2.4 breadth.
2. 703rd day since the highs of 6338, 421st day since the lows of 4531.
Nifty entered into the resistance zone of 5900-6000 levels gaining around 4% from previous close. Upside momentum is good in Nifty and indicates that Nifty is good for more upside from here. Today was 4th consecutive up day of Nifty. Nifty is likely to face resistance here and some pullback may happen over here in next few days. Let us see how Nifty copes up with 6000 levels to see What will be the move ahead.Todays range was 166 points and this month's range now stands at 586 points.
1. Nifty up by 3.85% with 2.4 breadth.
2. 703rd day since the highs of 6338, 421st day since the lows of 4531.
Nifty entered into the resistance zone of 5900-6000 levels gaining around 4% from previous close. Upside momentum is good in Nifty and indicates that Nifty is good for more upside from here. Today was 4th consecutive up day of Nifty. Nifty is likely to face resistance here and some pullback may happen over here in next few days. Let us see how Nifty copes up with 6000 levels to see What will be the move ahead.Todays range was 166 points and this month's range now stands at 586 points.
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