Nifty bounced strongly towards the end with higher volumes and +ve breadth. Important points for today.
1. Nifty up by 1.3% with 3.2 breadth.
2. 195th day since the lows of 5118, 88th day since the lows of 5933.
Nifty closed above 7600 today after taking support in the gap area of 7500- yesterday. Nifty likely to make new highs above 7700 now. If Nifty sustains momentum above 7700 then only strong upside may be considered for more gains, else if Nifty looses momentum at 7700+ then big correction in Nifty may set in. Weekly range is 150 points till today.
1. Nifty up by 1.3% with 3.2 breadth.
2. 195th day since the lows of 5118, 88th day since the lows of 5933.
Nifty closed above 7600 today after taking support in the gap area of 7500- yesterday. Nifty likely to make new highs above 7700 now. If Nifty sustains momentum above 7700 then only strong upside may be considered for more gains, else if Nifty looses momentum at 7700+ then big correction in Nifty may set in. Weekly range is 150 points till today.
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