Nifty today made a +ve move above 7300 with high volumes and +ve breadth. Important points for today.
1. Nifty up by 1.3% with 2.5 breadth.
2. 179th day since the lows of 5118, 72nd day since the lows of 5933.
Nifty today closed above 7350 with good breadth. Nifty has broken out from small range around 7250. If momentum is sustained, Nifty should cross 7363 early next week, Any weakness above 7400 could see sharp reaction in Nifty towards 7000 levels. The week closed with a gain of 2.3% and range of 188 points. Monthly range remains at 925 points with 5 days to go.
1. Nifty up by 1.3% with 2.5 breadth.
2. 179th day since the lows of 5118, 72nd day since the lows of 5933.
Nifty today closed above 7350 with good breadth. Nifty has broken out from small range around 7250. If momentum is sustained, Nifty should cross 7363 early next week, Any weakness above 7400 could see sharp reaction in Nifty towards 7000 levels. The week closed with a gain of 2.3% and range of 188 points. Monthly range remains at 925 points with 5 days to go.
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