Nifty was sideways in very narrow range of 41 points with low volumes and -ve breadth. Important points for today.
1.Nifty up by 0.15% with 0.55 breadth.
2.66th day since the lows of 5177, 132nd day since the highs of 6338.
3.19th day since the swing highs of 5906.
Nifty was in very narrow range ie a compression day.So I can expect expansion to happen now(probably on the downside).Nifty's monthly range has been 374 points as of now.Any momentum move now could take Nifty to/around final bottom.
No comments:
Post a Comment