Nifty closed above 6800 level with moderate volumes and +ve breadth. Important points for today.
1. Nifty up by 0.55% with 2.2 breadth.
2. 157th day since the lows of 518, 50th day since the lows of 5933.
Nifty continued its upmove and closed above 6800 level. Nifty trading above 6750 level is signals for a big push on the upside. 6750 is the channel resistance of 27month rising trendline. Nifty has closed above 6750 for 2 weeks now. Faster run on upside may be seen soon, if Nifty trades above 6750 level. Monthly range stands at 175 points till today.
1. Nifty up by 0.55% with 2.2 breadth.
2. 157th day since the lows of 518, 50th day since the lows of 5933.
Nifty continued its upmove and closed above 6800 level. Nifty trading above 6750 level is signals for a big push on the upside. 6750 is the channel resistance of 27month rising trendline. Nifty has closed above 6750 for 2 weeks now. Faster run on upside may be seen soon, if Nifty trades above 6750 level. Monthly range stands at 175 points till today.
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