Nifty opened gap up and maintained the gap through the day amid moderate volumes and +ve breadth. Important points for the day.
1. Nifty up by 1.25% with 1.55 breadth.
2. 276th day since the lows of 5118, 168th day since the lows of 5933.
Nifty bounced strongly and closed above 7850 levels. Today was 2nd consecutive day of upmove from 7723. 7950-8000 is the resistance zone, If Nifty goes through it then new highs are likely. Monthly range stands at 254 points till today and range expansion looks likely in remaining days of October.
1. Nifty up by 1.25% with 1.55 breadth.
2. 276th day since the lows of 5118, 168th day since the lows of 5933.
Nifty bounced strongly and closed above 7850 levels. Today was 2nd consecutive day of upmove from 7723. 7950-8000 is the resistance zone, If Nifty goes through it then new highs are likely. Monthly range stands at 254 points till today and range expansion looks likely in remaining days of October.
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