Nifty was +ve today with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 0.3% with 0.8 breadth.
2. 218th day since the lows of 5118, 111th day since the lows of 5933.
Nifty closed up for the 4th consecutive day and above 7650. Today's range was 90 points and Weekly/Monthly range now stand at 263/386 points. Nifty closed the week with gain of 2.7%. Around 7750 is the significant resistance level for Nifty. Nifty is bouncing off from ~7440 support level for 2nd time. Xover of 7750-7800 should make space for another 150-200 point rise in Nifty.
1. Nifty up by 0.3% with 0.8 breadth.
2. 218th day since the lows of 5118, 111th day since the lows of 5933.
Nifty closed up for the 4th consecutive day and above 7650. Today's range was 90 points and Weekly/Monthly range now stand at 263/386 points. Nifty closed the week with gain of 2.7%. Around 7750 is the significant resistance level for Nifty. Nifty is bouncing off from ~7440 support level for 2nd time. Xover of 7750-7800 should make space for another 150-200 point rise in Nifty.
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