Nifty ended marginally up after opening gap up amid high volumes and +ve breadth. Important points for today.
1. Nifty up by 0.2% with 3.6 breadth.
2.176th day since the lows of 5118, 69th day since the lows of 5933.
Nifty closed in the green with new high on RSI. After hitting high of 7563 on 16thmay, Nifty is drifting in 150-200 point range of 7150-7350 now. Nifty may retest 7500+ level in next 1-2 days ,else it my go down to ~7000 levels by end of this week. Weekly range now stands at 160 points.
1. Nifty up by 0.2% with 3.6 breadth.
2.176th day since the lows of 5118, 69th day since the lows of 5933.
Nifty closed in the green with new high on RSI. After hitting high of 7563 on 16thmay, Nifty is drifting in 150-200 point range of 7150-7350 now. Nifty may retest 7500+ level in next 1-2 days ,else it my go down to ~7000 levels by end of this week. Weekly range now stands at 160 points.
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