Nifty moved in 50 point range with low volumes and neutral breadth. Important points for today.
1. Nifty was down by 0.1% with 1.2 breadth.
2. 450th day since the highs of 6338, 176th day since the lows of 4531.
Nifty moved between 5300 and 5240 levels with very low volumes and closed flat.today was 9th day since the reversal from 5448 levels. Nifty may have exhausted the downside for the near term and may bounce now for fee days before resuming the downtrend further.If Nifty indeed moves up from here, then downside below 5200 may be shallow.Quarterly range remains at 416 points.
1. Nifty was down by 0.1% with 1.2 breadth.
2. 450th day since the highs of 6338, 176th day since the lows of 4531.
Nifty moved between 5300 and 5240 levels with very low volumes and closed flat.today was 9th day since the reversal from 5448 levels. Nifty may have exhausted the downside for the near term and may bounce now for fee days before resuming the downtrend further.If Nifty indeed moves up from here, then downside below 5200 may be shallow.Quarterly range remains at 416 points.
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