Nifty moved sideways today with lighter volumes and neutral breadth.Important points for today.
1.Nifty down by 0.2% with 0.8 breadth.
2.37th day of rally from lows of 4786(33 days of downturn).
Nifty moved in a narrow range today and closed in the red.Today was 2nd consecutive down day.If Nifty does not take out the closing highs of 5400 tomorrow and closed in the red,I would expect that Wave5 is over and Nifty may have started its down journey.But if Nifty closes above 5400 tomorrow,then it could spend another few days trying to form a Top.
No comments:
Post a Comment