Nifty traded in about 50 point range with low volumes and -ve breadth. Important points for today.
1. Nifty down by 0.8% with 0.45 breadth.
2. 445th day since the highs of 6338, 171st day since the lows of 4531.
Nifty slid further to close at 5350 that is below the low of previous week.Inability to regain 5400 in next 2-3 days will take Nifty to further lower levels.This month's range stands at 284 points till now,and quarterly range is 416 points.last quarters range was 606 points, so this quarter should be 600 + 0-200 points atleast.
1. Nifty down by 0.8% with 0.45 breadth.
2. 445th day since the highs of 6338, 171st day since the lows of 4531.
Nifty slid further to close at 5350 that is below the low of previous week.Inability to regain 5400 in next 2-3 days will take Nifty to further lower levels.This month's range stands at 284 points till now,and quarterly range is 416 points.last quarters range was 606 points, so this quarter should be 600 + 0-200 points atleast.
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