Nifty went further up and closed above gap of 6263 with high volumes and neutral breadth. Important points for today.
1. Nifty up by 0.6% with 1.0 breadth.
2. 126th day since the lows of 5118, 78th day since the highs of 6342,54th day since the highs of 6415.
Nifty closed the gap @6263 level. Volumes were quite heavy but corresponding Price action was not supportive. This is a topping sign. Weekly range was 152 points and Monthly range was 349 points. The rise from 5933 is a slow upmove ,so retest of previous low @5933 may happen soon. Incase Nifty retains ~6050 levels then higher levels or sideways move between 6400-6000 may happen for some more time. But if 6000 breaks, Nifty may see 5800 levels quickly.
1. Nifty up by 0.6% with 1.0 breadth.
2. 126th day since the lows of 5118, 78th day since the highs of 6342,54th day since the highs of 6415.
Nifty closed the gap @6263 level. Volumes were quite heavy but corresponding Price action was not supportive. This is a topping sign. Weekly range was 152 points and Monthly range was 349 points. The rise from 5933 is a slow upmove ,so retest of previous low @5933 may happen soon. Incase Nifty retains ~6050 levels then higher levels or sideways move between 6400-6000 may happen for some more time. But if 6000 breaks, Nifty may see 5800 levels quickly.
No comments:
Post a Comment