Nifty moved in a very narrow range of 38 points with low volumes and +ve breadth. Important points for today.
1.Nifty up by 0.6% with 1.8 breadth.
2.75th day since the lows of 5177,141st day since the highs of 6338,28th day since the swing highs of 5906.
Nifty has a very narrow range today and this indicates that Nifty is near a inflection point.Nifty has been in sideways movement after 9 days of impulsive downmove.So next move shud likely be a downside move lasting 5-9 days of impulse.
No comments:
Post a Comment