Nifty moved past 6300 levels on expiry day with higher volumes and neutral breadth. Important points for today.
1. Nifty up by 0.8% with 1.2 breadth.
2. 455th day since the lows of 4531, 44th day since the swing lows of 5118, 21st day since the swing lows of 5700.
Nifty closed just below 6300 and is within striking distance of all time highs of 6357. Weekly /Monthly range stand at 230/609 points and yearly range is 1191 points. @6400 is the next significant resistance for Nifty to encounter. Moves from here could become volatile as Nifty is about to test multi year highs now. Nifty has done highest monthly closing today. Momentum in Nifty is weakning so correction may also be not far off.
1. Nifty up by 0.8% with 1.2 breadth.
2. 455th day since the lows of 4531, 44th day since the swing lows of 5118, 21st day since the swing lows of 5700.
Nifty closed just below 6300 and is within striking distance of all time highs of 6357. Weekly /Monthly range stand at 230/609 points and yearly range is 1191 points. @6400 is the next significant resistance for Nifty to encounter. Moves from here could become volatile as Nifty is about to test multi year highs now. Nifty has done highest monthly closing today. Momentum in Nifty is weakning so correction may also be not far off.
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