Nifty attempted 5200 levels but sold off from there with moderately low volumes and -ve breadth. Important points for today.
1. Nifty down by 1.5% with 0.4 breadth.
2. 398th day since the highs of 6338, 124th day since the lows of 4531, 81st day since the swing highs of 5629.
Nifty had a selloff from below 5200 levels.Today was 11th day since 4770 levels. Nifty after going through a compression week had a huge day today with range of 149 points.Nifty should breach previous week lows of 5015 as first signs of reversal.Nifty is likely to attempt 5200 levels again in this week.Nifty's quartely range remains a very compressed 608 points.
1. Nifty down by 1.5% with 0.4 breadth.
2. 398th day since the highs of 6338, 124th day since the lows of 4531, 81st day since the swing highs of 5629.
Nifty had a selloff from below 5200 levels.Today was 11th day since 4770 levels. Nifty after going through a compression week had a huge day today with range of 149 points.Nifty should breach previous week lows of 5015 as first signs of reversal.Nifty is likely to attempt 5200 levels again in this week.Nifty's quartely range remains a very compressed 608 points.
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