Nifty bounced strongly above 6100 levels with lower volumes and +ve breadth. Important points for today.
1. Nifty up by 2.0% with 1.75 breadth.
2. 59th day since the lows of 5118, 36th day since the lows of 5700.
Nifty closed above 6100 levels today. Nifty going above previous swing high of 6212 will indicate that new highs above 6342 will come soon. Given the strong momentum , Nifty may take out 6200/6300 levels this week itself. Today's range was 88 points .
1. Nifty up by 2.0% with 1.75 breadth.
2. 59th day since the lows of 5118, 36th day since the lows of 5700.
Nifty closed above 6100 levels today. Nifty going above previous swing high of 6212 will indicate that new highs above 6342 will come soon. Given the strong momentum , Nifty may take out 6200/6300 levels this week itself. Today's range was 88 points .
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