Nifty was again stuck in a narrow range of 36 points with low volumes and neutral breadth. Important points for today
1. Nifty down by 0.25% with 0.65 breadth
2. 361st day since the highs of 6338, 87th day since the lows of 4531, 44th day since the swing highs of 5629.
Nifty moved in narrow range on expiry day.Volumes were also low. Though Nifty closed below 5200, but previous swing lows of 5135 were not broken. Break and close below 5135 shud indicate Nifty has broken the range on downside and may head downwards towards lower support levels of 4600-4800.With 2days left in this month, Nifty's range stands at 218 points.
1. Nifty down by 0.25% with 0.65 breadth
2. 361st day since the highs of 6338, 87th day since the lows of 4531, 44th day since the swing highs of 5629.
Nifty moved in narrow range on expiry day.Volumes were also low. Though Nifty closed below 5200, but previous swing lows of 5135 were not broken. Break and close below 5135 shud indicate Nifty has broken the range on downside and may head downwards towards lower support levels of 4600-4800.With 2days left in this month, Nifty's range stands at 218 points.
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