Nifty moved around 5000 levels with moderate volumes and -ve breadth. Important points for today.
1. Nifty down by 0.5% with 0.4 breadth.
2. 370th day since the highs of 6338, 96th day since the lows of 4531, 53rd day since the swing highs of 5629.
Nifty continued its downslide though it moved in a moderate range of 60 points only.Nifty is showing increased signs of weakness and this could culminate in a big drop in next few days.Today was 6th day of downslide from 5280. Nifty does not look like it has completed its downmove. This week's range till today stands at 168 points.
1. Nifty down by 0.5% with 0.4 breadth.
2. 370th day since the highs of 6338, 96th day since the lows of 4531, 53rd day since the swing highs of 5629.
Nifty continued its downslide though it moved in a moderate range of 60 points only.Nifty is showing increased signs of weakness and this could culminate in a big drop in next few days.Today was 6th day of downslide from 5280. Nifty does not look like it has completed its downmove. This week's range till today stands at 168 points.
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