Nifty bounced further up above 7700 level with moderate volumes and +ve breadth. Important points for today.
1. Nifty up by 0.85% with 1.8 breadth.
2. 229th day since the lows of 5118, 122nd day since the lows of 5933.
Nifty closed just below 7750 level. Nifty today closed above 3ema. 7740-7790 is max retracement zone of Nifty if correction from 7840 continues. If Nifty sustains below 7700 level, then drop below 7600 likely to come soon. Today's range was 114 points and weekly/monthly range stands at 130/159 points.
1. Nifty up by 0.85% with 1.8 breadth.
2. 229th day since the lows of 5118, 122nd day since the lows of 5933.
Nifty closed just below 7750 level. Nifty today closed above 3ema. 7740-7790 is max retracement zone of Nifty if correction from 7840 continues. If Nifty sustains below 7700 level, then drop below 7600 likely to come soon. Today's range was 114 points and weekly/monthly range stands at 130/159 points.
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