Nifty was sideways in very narrow range with low volumes and neutral breadth. Important points for today.
1. Nifty down by 0.7% with 1.0 breadth.
2. 347th day since the highs of 6338, 73rd day since the lows of 4531, 30th day since the swing highs of 5629.
Nifty's range today was only 33 points.Nifty has moved in a narrow range of 100 points in this week.After 5 consecutive down weeks, Nifty seems like in pause mode since last 2 weeks.Since Nifty breached the monthly lows of Feb in March,I expect Nifty to resume its weekly downtrend soon.
No comments:
Post a Comment