Nifty moved in a very narrow range with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 0.4% with 1.2 breadth.
2. 244th day since the lows of 5118, 137th day since the lows of 5933.
Nifty moved in 30 point range today and closed above previous closing high. 7950 was not attempted today intraday , so high of 7968 is not breached. Nifty likely to jump by atleast 100 points in next 1-3 days, 7850/7950 are the threshold points for each directional move.
1. Nifty up by 0.4% with 1.2 breadth.
2. 244th day since the lows of 5118, 137th day since the lows of 5933.
Nifty moved in 30 point range today and closed above previous closing high. 7950 was not attempted today intraday , so high of 7968 is not breached. Nifty likely to jump by atleast 100 points in next 1-3 days, 7850/7950 are the threshold points for each directional move.
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