Nifty blasted today with very high volumes and +ve breadth. Important points for today.
1. Nifty up by 3.7% with 2.1 breadth.
2. 710th day since the highs of 6338, 428th day since the lows of 4531, 16th day since the lows of 5118.
Nifty closed above 6100 levels, breaking the previous high of 6093. Nifty has crossed both the trendline resistance at 5950 and horizontal resistance of 6100 levels and now 6300-6350 is the main resistance to encounter.Beyond that is clear sky for Nifty.Today's range was 102 points as Nifty opened gap up. Weekly/Monthly/Quarterly range now stand at 344/824/1024.
1. Nifty up by 3.7% with 2.1 breadth.
2. 710th day since the highs of 6338, 428th day since the lows of 4531, 16th day since the lows of 5118.
Nifty closed above 6100 levels, breaking the previous high of 6093. Nifty has crossed both the trendline resistance at 5950 and horizontal resistance of 6100 levels and now 6300-6350 is the main resistance to encounter.Beyond that is clear sky for Nifty.Today's range was 102 points as Nifty opened gap up. Weekly/Monthly/Quarterly range now stand at 344/824/1024.
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