Nifty closed above 6800 for 2nd consecutive day. Important points for today.
1. Nifty flat with 1.0 breadth.
2. 158th day since the lows of 5118, 51st day from lows of 5933.
Nifty moved in a narrow range of 32 points with moderate volumes and closed above 6800 today. Nifty lacks the momentum for a big move upward, so unless Nifty takes support around 6750 and starts a new upmove, such low range upmove may continue. After today , Monthly range now stands at 188 points.
1. Nifty flat with 1.0 breadth.
2. 158th day since the lows of 5118, 51st day from lows of 5933.
Nifty moved in a narrow range of 32 points with moderate volumes and closed above 6800 today. Nifty lacks the momentum for a big move upward, so unless Nifty takes support around 6750 and starts a new upmove, such low range upmove may continue. After today , Monthly range now stands at 188 points.
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