Nifty slid further today with moderate volumes and -ve breadth. Important points for today.
1. Nifty down by 0.3% with 0.33 breadth.
2. 446th day since the highs of 6338, 172nd day since the lows of 4531.
Nifty lost further ground to close below 5350 levels.Today was 5th day since the swing highs of 5448. 5150-5200 is a good support level and Nifty should test these levels now. If these levels give away then next support will come at 4800 levels.Monthly/Quarterly range remain the same at 284/416 points.
1. Nifty down by 0.3% with 0.33 breadth.
2. 446th day since the highs of 6338, 172nd day since the lows of 4531.
Nifty lost further ground to close below 5350 levels.Today was 5th day since the swing highs of 5448. 5150-5200 is a good support level and Nifty should test these levels now. If these levels give away then next support will come at 4800 levels.Monthly/Quarterly range remain the same at 284/416 points.
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