Nifty today: Short term trend positive, no indication of any reversal pattern at new highs
After showing a fine upside recovery from the lows, Nifty witnessed a choppy trend near the new all time high of 13216 today and closed the day on a minor positive note. Nifty opened on a positive note, registered a new high on the opening and slipped into minor weakness soon after the opening. It later shifted into a narrow intraday range for the whole session and closed the day within a range movement. The opening upside gap remains partially filled.
Nifty, despite the minor slide from the record opening, closed just below the earlier record of 13146. The slow upward grind of the Nifty continues while individual stocks/sectors continue to do well: Reuters