Nifty made a new high today with moderately high volumes and neutral breadth. Important points for today.
1. Nifty up by 0.45% with 1.0 breadth.
2. 222nd day since the lows of 5118, 115th day since the lows of 5933.
Nifty closed above 7800 level at all time closing high. Todays range was 64 points and weekly/monthly range stand at 161/413 points till today. Today was 8th consecutive up day of Nifty. Nifty has gone past 7808 by making its way thru rather than breakout.This implies that consolidation/correction should be there within further 100 or so points of Nifty.
1. Nifty up by 0.45% with 1.0 breadth.
2. 222nd day since the lows of 5118, 115th day since the lows of 5933.
Nifty closed above 7800 level at all time closing high. Todays range was 64 points and weekly/monthly range stand at 161/413 points till today. Today was 8th consecutive up day of Nifty. Nifty has gone past 7808 by making its way thru rather than breakout.This implies that consolidation/correction should be there within further 100 or so points of Nifty.
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