Nifty traded in 100 point band with low volumes and -ve breadth. Important points for today.
1. Nifty down by 0.8% with 0.5 breadth.
2. 271st day since the highs of 6338, 30th day since the swing highs of 5399, 14th day since the lows of 4639.
Nifty is hovering around the support zone of 4800.Next 2 days are going to be important for Nifty.Any high volume momentum breach of 4700, though unlikely in this expiry but if it happens then could see much lower levels.If Nifty remains in this 4600-4900 zone in december, then that could be medium term bottom formation of Nifty.
No comments:
Post a Comment