Nifty moved in a 37 point range amid low volumes and -ve breadth. Important points for today.
1. Nifty down by 1.0% with 0.45 breadth.
2. 366th day since the highs of 6338, 92nd day since the lows of 4531, 49th day since the swing highs of 5629.
Nifty closed below 5200 today.Nifty should confirm the downside by closing below 5135 again to signal that Nifty has turned down.Tomorrow is weekly close, so closing level would be important to indicate the future direction over coming days.Quarterly range till today remains at 218 points.Quarterly range should see expandios (up/down) soon.
1. Nifty down by 1.0% with 0.45 breadth.
2. 366th day since the highs of 6338, 92nd day since the lows of 4531, 49th day since the swing highs of 5629.
Nifty closed below 5200 today.Nifty should confirm the downside by closing below 5135 again to signal that Nifty has turned down.Tomorrow is weekly close, so closing level would be important to indicate the future direction over coming days.Quarterly range till today remains at 218 points.Quarterly range should see expandios (up/down) soon.
No comments:
Post a Comment