Nifty broke down today with moderate volumes and -ve breadth on expiry day. Important points for today.
1. Nifty down by 1.3% with 0.3 breadth.
2. 425th day since the highs of 6338, 151st day since the lows of 4531.
Nifty broke below 5050 today and closed below it.Nifty has to sustain the downward momentum in next few days for it to fall further.Else Nifty may be due for short term bounce to 5300+ now.Monthly range now stands at 318 points.
1. Nifty down by 1.3% with 0.3 breadth.
2. 425th day since the highs of 6338, 151st day since the lows of 4531.
Nifty broke below 5050 today and closed below it.Nifty has to sustain the downward momentum in next few days for it to fall further.Else Nifty may be due for short term bounce to 5300+ now.Monthly range now stands at 318 points.
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