Nifty staged a late comeback after opening higher amid high volumes and +ve breadth. Important points for today.
1. Nifty up by 0.5% with 2.6 breadth.
2. 147th day since the lows of 5118, 98th day since the highs of 6342, 75th day since the highs of 6415.
Nifty opened above 6750 but traded below it thereafter inching up only towards the end.Todays range was 40 points and weekly range stands at 101 points. RSI momentum closed at new 27 month highs indicating that further highs to happen in coming days. Whether Nifty breaksout big from here Or keep nudging up are the two probable options. Momentum stocks are good way to ride the momentum in coming days/week.
1. Nifty up by 0.5% with 2.6 breadth.
2. 147th day since the lows of 5118, 98th day since the highs of 6342, 75th day since the highs of 6415.
Nifty opened above 6750 but traded below it thereafter inching up only towards the end.Todays range was 40 points and weekly range stands at 101 points. RSI momentum closed at new 27 month highs indicating that further highs to happen in coming days. Whether Nifty breaksout big from here Or keep nudging up are the two probable options. Momentum stocks are good way to ride the momentum in coming days/week.
No comments:
Post a Comment