Nifty was rangebound in 45 points with low volumes and -ve breadth. Important points for today.
1. Nifty down by 0.4% with 0.5 breadth.
2. 424th day since the highs of 6338, 150th day since the lows of 4531.
Nifty has closed below 5150 for 3 consecutive days of this week.Today was 11th day since the swing highs of 5348.Nifty should see short term low in next 3-4 days.4800-5000 should find lot of support for Nifty and the momentum of this correction is mute with weak volumes.Downsides look limited from here for Nifty and further moves will clear up the way of the future path.July range till today stands at 272 points.
1. Nifty down by 0.4% with 0.5 breadth.
2. 424th day since the highs of 6338, 150th day since the lows of 4531.
Nifty has closed below 5150 for 3 consecutive days of this week.Today was 11th day since the swing highs of 5348.Nifty should see short term low in next 3-4 days.4800-5000 should find lot of support for Nifty and the momentum of this correction is mute with weak volumes.Downsides look limited from here for Nifty and further moves will clear up the way of the future path.July range till today stands at 272 points.
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