Nifty moved in 72 point range with lower volumes and neutral breadth. Important points for today.
1. Nifty up by 0.25% with 1.0 breadth.
2. 376th day since the highs of 6338, 102nd day since the lows of 4531, 59th day since the swing highs of 5629.
Nifty closed marginally in the green today after yesterday's sharp fall. Today was 12th day since the reversal from 5279.Nifty's short term movement is not very clear as it is hovering near support and going down but in slow momentum.This week's range remains at 120 points till today. Nifty has a range of 200+ points since last 2 weeks, so range compression this week would increase the probability of a wider move next week.
1. Nifty up by 0.25% with 1.0 breadth.
2. 376th day since the highs of 6338, 102nd day since the lows of 4531, 59th day since the swing highs of 5629.
Nifty closed marginally in the green today after yesterday's sharp fall. Today was 12th day since the reversal from 5279.Nifty's short term movement is not very clear as it is hovering near support and going down but in slow momentum.This week's range remains at 120 points till today. Nifty has a range of 200+ points since last 2 weeks, so range compression this week would increase the probability of a wider move next week.
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