Nifty extended the gains with moderate volumes and +ve breadth. Important points for today.
1. Nifty up by 1.6% with 1.4 breadth.
2. 702nd days since the highs of 6338, 420th day since the lows of 4531.
Nifty closed in the green for the 3rd consecutive day.Nifty has closed just above trendline resistance joining April and June lows. So it may wobble at this level for few days before moving higher.OR if Nifty has exhausted close below 5450 is needed to confirm that Nifty is heading to new lows below 5118 . This week's range was 370 points.Quarterly/Yearly range stand at 975/1111 points.
1. Nifty up by 1.6% with 1.4 breadth.
2. 702nd days since the highs of 6338, 420th day since the lows of 4531.
Nifty closed in the green for the 3rd consecutive day.Nifty has closed just above trendline resistance joining April and June lows. So it may wobble at this level for few days before moving higher.OR if Nifty has exhausted close below 5450 is needed to confirm that Nifty is heading to new lows below 5118 . This week's range was 370 points.Quarterly/Yearly range stand at 975/1111 points.
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