Nifty again moved around 5200 levels amid low volumes and -ve breadth. Important points for today.
1. Nifty down by 0.1% with 0.45 breadth.
2. 418th day since the highs of 6338, 144th day since the lows of 4531, 101st day since the swing highs of 5629.
Nifty again closed below 5200 levels but the volumes were quite low. Nifty is finding support in the gap region of 5160-5190. Nifty looks more likely to move up in short term from here though it may remain in consolidation band of 5150-5350 zone.Monthly range till today stands at 167 points with 10 days to go.Till expiry Nifty may wait before making a breakout/breakdown move.
1. Nifty down by 0.1% with 0.45 breadth.
2. 418th day since the highs of 6338, 144th day since the lows of 4531, 101st day since the swing highs of 5629.
Nifty again closed below 5200 levels but the volumes were quite low. Nifty is finding support in the gap region of 5160-5190. Nifty looks more likely to move up in short term from here though it may remain in consolidation band of 5150-5350 zone.Monthly range till today stands at 167 points with 10 days to go.Till expiry Nifty may wait before making a breakout/breakdown move.
No comments:
Post a Comment