Nifty opened gap down below 5000 levels but recovered from lower levels and closed above 5050 levels.Important points for today.
1.Nifty down by 0.9% with 0.38 breadth.
2.123rd day since the lows of 5177,189th day since the highs of 6338,77th day since the swing highs of 5906,36th day since the swing lows of 5195.
Nifty after opening deep in the red closed above the lows of yesterday.Nifty it seems is finding support at lower levels and is not closing at/around day's low since the last 3 days inspite of the big plunge.Today/this week Nifty should have a likely medium term bottom.I expect a rally after this to go above 5700-5750 levels in next few weeks.Nifty has likely completed Monthly range for the month of August with 604 points till today.
No comments:
Post a Comment