Nifty tested lower 7700 levels and bounced back with high volumes and neutral breadth. Important points for today.
1. Nifty up by 0.55% with 0.9 breadth.
2. 225th day since the lows of 5118, 118th day since the lows of 5933.
Nifty took support at 7700+ levels and closed above 3ema today. Today range was 91 points and weekly range stands at 92 points with 2 days to go. Nifty has bounced off 7ema levels, indicates that new highs may come now if Nifty sustains above 3ema. RBI day +-2/3 days, Nifty may hit its peak in this current move.
1. Nifty up by 0.55% with 0.9 breadth.
2. 225th day since the lows of 5118, 118th day since the lows of 5933.
Nifty took support at 7700+ levels and closed above 3ema today. Today range was 91 points and weekly range stands at 92 points with 2 days to go. Nifty has bounced off 7ema levels, indicates that new highs may come now if Nifty sustains above 3ema. RBI day +-2/3 days, Nifty may hit its peak in this current move.
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