Nifty moved in a range of 70 points with moderate volumes and -ve breadth. Important points for today.
1.Nifty down by 0.6% with 0.7 breadth.
2.50th day since the lows of 5177,116th day since the highs of 6338.
Nifty continues to be in a small trading range of 5700-5950 .This week's closing is also monthly closing so that will be important.If Nifty closes above 5900/5950 this friday, that could well be the tipping point for a reversal next week.Today was 13th day of consolidation of Nifty since the highs of 5944.
No comments:
Post a Comment