Nifty moved about 6550 with high volumes and neutral breadth. Important points for today.
1. Nifty up by 0.2% with 1.2 breadth.
2. 132nd day since the lows of 5118, 84th day since the highs of 6342,60th day since the highs of 6415.
Nifty closed above 6500 for the 2nd consecutive day. Hourly chart shows divergence indicating that after 6550-6600, Nifty could see pullback. There are 2 gaps @6336 and @6406 that will be filled shortly by Nifty. Todays range was 75 points and Monthly range is 350 points till today.
1. Nifty up by 0.2% with 1.2 breadth.
2. 132nd day since the lows of 5118, 84th day since the highs of 6342,60th day since the highs of 6415.
Nifty closed above 6500 for the 2nd consecutive day. Hourly chart shows divergence indicating that after 6550-6600, Nifty could see pullback. There are 2 gaps @6336 and @6406 that will be filled shortly by Nifty. Todays range was 75 points and Monthly range is 350 points till today.
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