Nifty moved above 8400 today amid higher volumes and neutral breadth. Important points for today.
1. Nifty up by 0.5% with 1.15 breadth.
2. 292nd day since the lows of 5118, 190th day since the lows of 5933.
Nifty hovered between 8350-8400 till afternoon but moved above 8400 and closed above it towards closing. Today's range was 89 points and monthly range stands at 148 points till today. Another 1-2 days, if Nifty survives and closes above 8400, rapid upmove may happen. Weakness to emerge only below 8350 now.
1. Nifty up by 0.5% with 1.15 breadth.
2. 292nd day since the lows of 5118, 190th day since the lows of 5933.
Nifty hovered between 8350-8400 till afternoon but moved above 8400 and closed above it towards closing. Today's range was 89 points and monthly range stands at 148 points till today. Another 1-2 days, if Nifty survives and closes above 8400, rapid upmove may happen. Weakness to emerge only below 8350 now.
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