Nifty broke the previous all time high amid heavy volumes and neutral breadth. Important points for today.
1. Nifty up by 1.7% with 1.0 breadth.
2. 69th day since the lows of 5118, 46th day since the lows of 5700.
Nifty decimated the 5 year old highs and closed above it indicating a big breakout . But the momentum above 6400 did not last and closed just above 6350 levels. Nifty will attempt to go above 6400 again and if momentum is not sustained again then Nifty may go into sideways pause inorder to consolidate the breakout above 6350. Todays range was 70 points and monthly range now stands at 266 points.
1. Nifty up by 1.7% with 1.0 breadth.
2. 69th day since the lows of 5118, 46th day since the lows of 5700.
Nifty decimated the 5 year old highs and closed above it indicating a big breakout . But the momentum above 6400 did not last and closed just above 6350 levels. Nifty will attempt to go above 6400 again and if momentum is not sustained again then Nifty may go into sideways pause inorder to consolidate the breakout above 6350. Todays range was 70 points and monthly range now stands at 266 points.
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