Nifty moved in narrow range of 53 points with high volumes and +ve breadth. Important points for today.
1. Nifty flat with 2.0 breadth.
2. 285th day since the lows of 5118, 177th day since the lows of 5933.
Nifty closed flat after a ravishing move on Friday. 8300 is retained for now. Staying 8250+ , Nifty is destined for higher levels in coming days. Quarterly range stands at 627 points till today. Nifty remains in firm upward move with 8400 coming as trendline resistance. Expect to see some pullback from ~8400 unless there is strong thrusting move breaking 8400 level.
1. Nifty flat with 2.0 breadth.
2. 285th day since the lows of 5118, 177th day since the lows of 5933.
Nifty closed flat after a ravishing move on Friday. 8300 is retained for now. Staying 8250+ , Nifty is destined for higher levels in coming days. Quarterly range stands at 627 points till today. Nifty remains in firm upward move with 8400 coming as trendline resistance. Expect to see some pullback from ~8400 unless there is strong thrusting move breaking 8400 level.
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