Nifty powered up today with moderate volumes and +ve breadth. Important points for today.
1 . Nifty up by 2.2% with 1.7 breadth.
2. 54th day since the lows of 5118, 31st day since the swing lows of 5700.
Nifty moved past 6150 and closed just below 6200 today. Nifty has bounced strongly and is now bumping into resistance 6150-6200. Given the strong momentum, Nifty is likely to continue its upside for next few days though it may pause immediately here around 6200 levels. Todays range was 86 points.
1 . Nifty up by 2.2% with 1.7 breadth.
2. 54th day since the lows of 5118, 31st day since the swing lows of 5700.
Nifty moved past 6150 and closed just below 6200 today. Nifty has bounced strongly and is now bumping into resistance 6150-6200. Given the strong momentum, Nifty is likely to continue its upside for next few days though it may pause immediately here around 6200 levels. Todays range was 86 points.
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