Nifty moved above 7900 in a narrow range with higher volumes and +ve breadth. Important points for today.
1. Nifty up by 0.3% with 1.55 breadth.
2. 238th day since the lows of 5118, 131st day since the lows of 5933.
Nifty closed just below 7900 after hovering around it all day. Today's range was 37 points and weekly/monthly range stands at 139/378 points. Nifty's momentum is +ve but weakening. Divergences appear on hourly scale but till Nifty trades above 7ema, Nifty is setup for more gains.
1. Nifty up by 0.3% with 1.55 breadth.
2. 238th day since the lows of 5118, 131st day since the lows of 5933.
Nifty closed just below 7900 after hovering around it all day. Today's range was 37 points and weekly/monthly range stands at 139/378 points. Nifty's momentum is +ve but weakening. Divergences appear on hourly scale but till Nifty trades above 7ema, Nifty is setup for more gains.
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