Nifty was down and closed just above 5400 with low volumes and -ve breadth.Important points for today.
1.Nifty down by 0.95% with 0.63 breadth.
2.119th day since the lows of 5177,185th day since the highs of 6338,73rd day since the swing highs of 5906,32nd day since the swing lows of 5195.
Nifty was in a narrow range of 44 points though it was down by 52 points.This to me indicates divergence.So Nifty may pause here before moving down again.Weakness in Nifty persists and is likely to move further down either sharply or in staggered manner.
No comments:
Post a Comment