Nifty moved above 7900 levels with moderate volumes and neutral breadth. Important points for today.
1. Nifty up by 0.6% with 1.15%.
2. 277th day since the lows of 5118, 169th day since the lows of 5933.
Nifty retained yesterday's gap and closed above 7900 levels. Nifty has closed above previous day's high for 2 days in a row. 7950-8000 is significant resistance zone and if Nifty cross 8000 and sustains then new highs are likely. Weekly/Monthly range stand at 80/254 points. Monthly range expansion is very much likely and with Nifty sustaining 7850 level, higher levels are more likely in October.
1. Nifty up by 0.6% with 1.15%.
2. 277th day since the lows of 5118, 169th day since the lows of 5933.
Nifty retained yesterday's gap and closed above 7900 levels. Nifty has closed above previous day's high for 2 days in a row. 7950-8000 is significant resistance zone and if Nifty cross 8000 and sustains then new highs are likely. Weekly/Monthly range stand at 80/254 points. Monthly range expansion is very much likely and with Nifty sustaining 7850 level, higher levels are more likely in October.
No comments:
Post a Comment