Nifty was again ranged in narrow band with low volumes and neutral breadth. Important points for today.
1. Nifty down by 0.95% with 0.7 breadth.
2. 452nd day since the highs of 6338, 178th day since the lows of 4531.
Nifty closed below 5250 level. Today was 11th day since the reversal from 5448 and closed below lows of last week,5238.Nifty is hovering around 5200 support levels since few days now.Current move indicates that the move from 4770-5448 is complete and new downmove has started that will retrace part of the last upmove.Monthly range stands at 80 points and Quarterly range remains at 416 points.
1. Nifty down by 0.95% with 0.7 breadth.
2. 452nd day since the highs of 6338, 178th day since the lows of 4531.
Nifty closed below 5250 level. Today was 11th day since the reversal from 5448 and closed below lows of last week,5238.Nifty is hovering around 5200 support levels since few days now.Current move indicates that the move from 4770-5448 is complete and new downmove has started that will retrace part of the last upmove.Monthly range stands at 80 points and Quarterly range remains at 416 points.
No comments:
Post a Comment