Nifty went pas 6800 today with high volumes and +ve breadth. Important points for today.
1. Nifty up by 1.5% with 2.9 breadth.
2. 151st day since the lows of 5118, 102nd day since the highs of 6342, 79th day since the highs of 6415, 44th day since the lows of 5933.
Nifty broke above the previous highs of 6776 and closed above it. 6750 was trendline resistance and Nifty has broken it decisively now. Next significant resistance is now at 7050-7100. If Nifty closes above 6750 on weekly closing then, 7000+ could be seen in next 2-3 weeks. Today range was 103 points and Weekly/Monthly range stands at 158 points.
1. Nifty up by 1.5% with 2.9 breadth.
2. 151st day since the lows of 5118, 102nd day since the highs of 6342, 79th day since the highs of 6415, 44th day since the lows of 5933.
Nifty broke above the previous highs of 6776 and closed above it. 6750 was trendline resistance and Nifty has broken it decisively now. Next significant resistance is now at 7050-7100. If Nifty closes above 6750 on weekly closing then, 7000+ could be seen in next 2-3 weeks. Today range was 103 points and Weekly/Monthly range stands at 158 points.
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