Nifty paused today and moved around 7100 with high volumes and +ve breadth. Important points for today.
1. Nifty flat with 1.7 breadth.
2. 172nd day since the lows of 5118, 65th day since the lows of 5933.
Nifty closed flat today above 7100 level. Today was an inside day and range was 62 points. Weekly/Monthly range stands at 310/520 points. Nifty remains in strong upside momentum and 7150-7200 is trendline resistance line joining 6142-6342. Moved beyond this line could be a momentum move.
1. Nifty flat with 1.7 breadth.
2. 172nd day since the lows of 5118, 65th day since the lows of 5933.
Nifty closed flat today above 7100 level. Today was an inside day and range was 62 points. Weekly/Monthly range stands at 310/520 points. Nifty remains in strong upside momentum and 7150-7200 is trendline resistance line joining 6142-6342. Moved beyond this line could be a momentum move.
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