Nifty made new highs above 8150 with higher volumes and +ve breadth. Important points for today.
1. Nifty up by 1.1% with 3.0 breadth.
2. 251st day since the lows of 5118, 144th day since the lows of 5933.
Nifty opened gap up and moved higher up till the end. Today's range was 54 points. Nifty today crossed the (450pt)channel that it is engulfed in since Late May. If channel breakout is confirmed for another 1-2 days then nifty can scale 8500+ in next few days.
1. Nifty up by 1.1% with 3.0 breadth.
2. 251st day since the lows of 5118, 144th day since the lows of 5933.
Nifty opened gap up and moved higher up till the end. Today's range was 54 points. Nifty today crossed the (450pt)channel that it is engulfed in since Late May. If channel breakout is confirmed for another 1-2 days then nifty can scale 8500+ in next few days.
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