Nifty bounced strongly with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 1.7% with 1.0 breadth.
2. 93rd day since the lows of 5118, 70th day since the lows of 5700.
Nifty opened gap up and closed above friday/last week's high indicating good strength. 6300-6330 is downward trending trendline and will provide resistance to Nifty. If Nifty survives this week above 6200 then steady bull run can be expected ahead. Range for Nifty was 99 points today while monthly range remains at 214 points till today.
1. Nifty up by 1.7% with 1.0 breadth.
2. 93rd day since the lows of 5118, 70th day since the lows of 5700.
Nifty opened gap up and closed above friday/last week's high indicating good strength. 6300-6330 is downward trending trendline and will provide resistance to Nifty. If Nifty survives this week above 6200 then steady bull run can be expected ahead. Range for Nifty was 99 points today while monthly range remains at 214 points till today.
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