Nifty powered its way further up above 8100 with higher volumes and +ve breadth. Important points for today.
1. Nifty up by 0.7% with 1.5 breadth.
2. 247th day since the lows of 5118, 140th day since the lows of 5933.
Nifty extended the bull run over 8100 today. Some -ve divergences are there on hourly scale. 8150-8200 are trendline price resistance level and pullback from these points is highly likely. 7950 is the first main support of Nifty on downside and 7968-7984 gap is also a good support. Todays range was 65 points and Weekly/Quarterly range now stands at 117/679 points.
1. Nifty up by 0.7% with 1.5 breadth.
2. 247th day since the lows of 5118, 140th day since the lows of 5933.
Nifty extended the bull run over 8100 today. Some -ve divergences are there on hourly scale. 8150-8200 are trendline price resistance level and pullback from these points is highly likely. 7950 is the first main support of Nifty on downside and 7968-7984 gap is also a good support. Todays range was 65 points and Weekly/Quarterly range now stands at 117/679 points.
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