Nifty closed below 5300 levels with low volumes and -ve breadth. Important points for today.
1. Nifty down by 0.9% with 0.45 breadth.
2. 447th day since the highs of 6338, 173rd day since the lows of 4531.
Nifty closed below 5300 ie Nifty has broken the low of last 2 weeks.Nifty has thus opened gates for further downsides.If Nifty pauses here for few days, then futher downside should be shallow.Monthly and quarterly remain at 284/416 points.Nifty's current bearish inclinations has scope for nifty touching deeper support levels of 4600-4800.
1. Nifty down by 0.9% with 0.45 breadth.
2. 447th day since the highs of 6338, 173rd day since the lows of 4531.
Nifty closed below 5300 ie Nifty has broken the low of last 2 weeks.Nifty has thus opened gates for further downsides.If Nifty pauses here for few days, then futher downside should be shallow.Monthly and quarterly remain at 284/416 points.Nifty's current bearish inclinations has scope for nifty touching deeper support levels of 4600-4800.
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