Nifty moved in a very narrow range with moderate volumes and +ve breadth. Important points for today.
1.Nifty down by 0.1% with 1.9 breadth.
2.39th day since the lows of 5177,105th day since the highs of 6338.
Nifty closed in the red after moving in a 40 point range.Today was the 2nd consecutive -ve closing.If Nifty closes below 5833 level,then Nifty's short term reversal will be confirmed.On the bullish side my view says that Nifty may have 1 more upside upto about 6000 yet to come.On bearish side,Nifty may have reversed from 5950 level and it may slide upto 5400/5600 level first.
No comments:
Post a Comment