Nifty opened gap up and remained in +ve territory with moderate volumes and +ve breadth. Important points for today.
1. Nifty up by 1.1% with 2.3 breadth.
2. 228th day since the lows of 5118, 121st day since the lows of 5933.
Nifty bounced after Friday's selloff and closed above 3ema. If Nifty sustains above 3 ema for another 2 days , then it is reversal with new highs above 7800 soon. 7700-7725 will provide resistance and Nifty can turn down from here. Today's range was 72 points and monthly range is 123 points till today.
1. Nifty up by 1.1% with 2.3 breadth.
2. 228th day since the lows of 5118, 121st day since the lows of 5933.
Nifty bounced after Friday's selloff and closed above 3ema. If Nifty sustains above 3 ema for another 2 days , then it is reversal with new highs above 7800 soon. 7700-7725 will provide resistance and Nifty can turn down from here. Today's range was 72 points and monthly range is 123 points till today.
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