Nifty slid below 5250 levels with moderate volumes and -ve breadth. Important points for today.
1. Nifty down by 1.4% with 0.5 breadth.
2. 415th day since the highs of 6338, 141st day since the lows of 4531, 98th day since the swing highs of 5629.
Nifty closed below 5250 levels.With today's slide Nifty's weekly and monthly range stands at 131 points. Nifty is likely to test 5150 levels now.Nifty may break down from that level or if it finds support there then consolidation and further upmove may be possible.
1. Nifty down by 1.4% with 0.5 breadth.
2. 415th day since the highs of 6338, 141st day since the lows of 4531, 98th day since the swing highs of 5629.
Nifty closed below 5250 levels.With today's slide Nifty's weekly and monthly range stands at 131 points. Nifty is likely to test 5150 levels now.Nifty may break down from that level or if it finds support there then consolidation and further upmove may be possible.
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