Nifty sustained yesterdays game without doing much with moderately high volumes and neutral breadth. Important points for today.
1. Nifty up by 0.1% with 0.8 breadth.
2. 142nd day since the lows of 5118, 93rd day since the highs of 6342, 70th day since the highs of 6415.
Nifty moved in 51 points range of 6544-6595 and closed mildly in the green. Nifty is forming a 142 point triangle wihout breakout points @6500 and 6600, so breakout on either side is expected to see 150 point move to either 6750 Or 6350 soon. Weekly/Monthly range now stand at 85/383 points. 4 days to go in this month and 2 days to expiry.
1. Nifty up by 0.1% with 0.8 breadth.
2. 142nd day since the lows of 5118, 93rd day since the highs of 6342, 70th day since the highs of 6415.
Nifty moved in 51 points range of 6544-6595 and closed mildly in the green. Nifty is forming a 142 point triangle wihout breakout points @6500 and 6600, so breakout on either side is expected to see 150 point move to either 6750 Or 6350 soon. Weekly/Monthly range now stand at 85/383 points. 4 days to go in this month and 2 days to expiry.
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