Nifty moved in a very narrow range with low volumes and -ve breadth. Important points for today.
1. Nifty down by 0.6% with 0.55 breadth.
2. 444th day since the highs of 6338, 170th day since the lows of 4531.
Nifty hovered below 5400 today amid low volumes. This week's range is 80 points and today's range is 28 points only.This quarter till now is moving in a very compressive range, and some range expansion of 200-300 point is likely in next 5 weeks.Upside/downside can't be said. This was 4th consecutive upweek of Nifty.Next week should likely show where Nifty is going to expand- up/down.
1. Nifty down by 0.6% with 0.55 breadth.
2. 444th day since the highs of 6338, 170th day since the lows of 4531.
Nifty hovered below 5400 today amid low volumes. This week's range is 80 points and today's range is 28 points only.This quarter till now is moving in a very compressive range, and some range expansion of 200-300 point is likely in next 5 weeks.Upside/downside can't be said. This was 4th consecutive upweek of Nifty.Next week should likely show where Nifty is going to expand- up/down.
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