Nifty moved upwards from 6200 levels with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 0.6% with 0.95 breadth.
2. 125th day since the lows of 5118, 77th day since the highs of 6342.
Nifty moved towards 6250 further closing the gap that now exists between 6263-6245.Its 3 days now that Nifty is inching up in the gap region.Todays range was 43 points and Weekly/Monthly range stand at 115/312 points with 1 day to go. Nifty is likely to undergo correction form here around 6250 levels. Quarterly range till now is 425 points. So March month should see Quarter range atleast in 600-700 range and that implies, 5933-250 OR 6358+250 (5700/6600) to happen in March.
1. Nifty up by 0.6% with 0.95 breadth.
2. 125th day since the lows of 5118, 77th day since the highs of 6342.
Nifty moved towards 6250 further closing the gap that now exists between 6263-6245.Its 3 days now that Nifty is inching up in the gap region.Todays range was 43 points and Weekly/Monthly range stand at 115/312 points with 1 day to go. Nifty is likely to undergo correction form here around 6250 levels. Quarterly range till now is 425 points. So March month should see Quarter range atleast in 600-700 range and that implies, 5933-250 OR 6358+250 (5700/6600) to happen in March.
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