Nifty continued with its narrow range sideways move with low volumes and neutral breadth. Important points for today.
1.Nifty down by 0.5% with 0.8 breadth.
2.80th day since the lows of 5177,146th day since the highs of 6338,33rd day since the swing highs of 5906.
Nifty moved in a range of 42 points today.The sideways movement of Nifty continues and was 24th day today after 9days of down move.16 days to go in June expiry/monthly,so range breakout is expected in the month of June,as continuing this sideways move for another 16 days will stretch things a lot.
No comments:
Post a Comment