Nifty was again rangebound in 61 point range with high volumes and +ve breadth. Important points for today.
1. Nifty up by 0.3% with 2.3 breadth.
2. 178th day since the low of 5118, 71st day since the lows of 5933..
Nifty closed above 7250 levels with daily range of 61 points. Weekly range till today stands at 160 points. 7150-7350 is the broad range for Nifty. For new highs above 7500, Nifty should take down support near 7100 levels. But if Nifty tries 7500+ levels before going down, then deeper correction may set in Nifty.
1. Nifty up by 0.3% with 2.3 breadth.
2. 178th day since the low of 5118, 71st day since the lows of 5933..
Nifty closed above 7250 levels with daily range of 61 points. Weekly range till today stands at 160 points. 7150-7350 is the broad range for Nifty. For new highs above 7500, Nifty should take down support near 7100 levels. But if Nifty tries 7500+ levels before going down, then deeper correction may set in Nifty.
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