Nifty moved in a 100 point range with high volumes and +ve breadth. Important points for today.
1. Nifty up by 0.82% with 5.0 breadth.
2. 175th day since the lows of 5118, 68th day since the lows of 5933.
Nifty closed above 7250 today.Friday was 13th week since the lows of 5933 and today was 8th day from 6638. Todays range was 98 points. Nifty may be entering into pause/consolidation for now, if it remains above or around 3/7ema. if s sharp dip is there to 7000 or below, Nifty may also give a bounce to retest highs of 7563 again.
1. Nifty up by 0.82% with 5.0 breadth.
2. 175th day since the lows of 5118, 68th day since the lows of 5933.
Nifty closed above 7250 today.Friday was 13th week since the lows of 5933 and today was 8th day from 6638. Todays range was 98 points. Nifty may be entering into pause/consolidation for now, if it remains above or around 3/7ema. if s sharp dip is there to 7000 or below, Nifty may also give a bounce to retest highs of 7563 again.
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