Nifty opened +ve but went sideways later with higher volumes and neutral breadth. Important points for today.
1. Nifty down by 0.15% with 0.7 breadth.
2.207th day since the lows of 5118, 100th day since the lows of 5933.
Nifty ended mildly in the red and closed above 7700 today for 2nd day. Nifty has not shown any breakout character after going above 7700 levels till now. If 1-2 days Nifty moves like this , then further upsides will be limited and Nifty may capitulate around 7800 or so. Todays range was 48 points and Weekly/Monthly range stands at 223/136 points.
1. Nifty down by 0.15% with 0.7 breadth.
2.207th day since the lows of 5118, 100th day since the lows of 5933.
Nifty ended mildly in the red and closed above 7700 today for 2nd day. Nifty has not shown any breakout character after going above 7700 levels till now. If 1-2 days Nifty moves like this , then further upsides will be limited and Nifty may capitulate around 7800 or so. Todays range was 48 points and Weekly/Monthly range stands at 223/136 points.
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