Nifty continues its surge with heavy volumes and +ve breadth. Important points for today.
1. Nifty up by 1.35% with 1.7 breadth.
2. 171st day since the lows of 5118, 64th day since the lows of 5933.
Nifty closed above 7100 levels today, having moved 8% from recent lows of 6638 in 3 days. Todays range was 105 points and Weekly/Monthly range stands at 310/520 points. 7150-7200 is trendline resistance of Nifty and cross of that could induce further momentum in Nifty. Todays gap at 7021 will provide good support to Nifty incase of a dip.
1. Nifty up by 1.35% with 1.7 breadth.
2. 171st day since the lows of 5118, 64th day since the lows of 5933.
Nifty closed above 7100 levels today, having moved 8% from recent lows of 6638 in 3 days. Todays range was 105 points and Weekly/Monthly range stands at 310/520 points. 7150-7200 is trendline resistance of Nifty and cross of that could induce further momentum in Nifty. Todays gap at 7021 will provide good support to Nifty incase of a dip.
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