Nifty breached 4900 levels today but closed above it with low volumes and -ve breadth. Important points for today.
1. Nifty down by 0.4% with 0.2 breadth.
2. 373rd day since the highs of 6338, 99th day since the lows of 4531, 56th day since the swing highs of 5629.
Nifty breached 4900 levels and moved in a range of 80 points today. Nifty is drifting down slowly. Today was 9th day since the reversal from 5279 and 5th consecutive down day.Nifty support levels are still 3-4% down from here , so Nifty should likely come down to support levels in coming days.
1. Nifty down by 0.4% with 0.2 breadth.
2. 373rd day since the highs of 6338, 99th day since the lows of 4531, 56th day since the swing highs of 5629.
Nifty breached 4900 levels and moved in a range of 80 points today. Nifty is drifting down slowly. Today was 9th day since the reversal from 5279 and 5th consecutive down day.Nifty support levels are still 3-4% down from here , so Nifty should likely come down to support levels in coming days.
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