Nifty opened in the green and filled yesterday's gap but came down later to close below 4950 with low volumes and neutral breadth.
1.Nifty down by 0.1% with 1.0 breadth.
2.210th day since the highs of 6338,10th day since the lows of 5177.
Nifty gave up its early morning gains but the weakness was limited to 4900 levels.Volumes have remained subdued in last 2-3 days.This indicates to me that Nifty's retest of 4720 lows may be limited to around 4900 levels.September being a volatile month ,I see a possibility of Nifty breaking out in next few days to 5500+ levels.
No comments:
Post a Comment