Nifty continued with its sideways move around 5200 with lower volumes and neutral breadth. Important points for today.
1. Nifty flat with 0.65 breadth.
2. 362nd day since the highs of 6338, 88th day since the lows of 4531, 45th day since the swing highs of 5629.
Nifty closed below 5200 today. Nifty's weekly closing will be tomorrow.So if Nifty closes around 5200 tomorrow then , on weekly timeframe Nifty is starting to point toward downside.This month's range till today now stands at 224 points.Direction of Nifty will only be clear if it closes below 5135(March's low) or closes above 5400.
1. Nifty flat with 0.65 breadth.
2. 362nd day since the highs of 6338, 88th day since the lows of 4531, 45th day since the swing highs of 5629.
Nifty closed below 5200 today. Nifty's weekly closing will be tomorrow.So if Nifty closes around 5200 tomorrow then , on weekly timeframe Nifty is starting to point toward downside.This month's range till today now stands at 224 points.Direction of Nifty will only be clear if it closes below 5135(March's low) or closes above 5400.
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