Nifty was again sideways with low volumes and neutral breadth around 5250 levels. Important points for today.
1. Nifty up by -.25% with 1.1 breadth.
2. 453rd day since the highs of 6338, 179th day since the lows of 4531.
Nifty moved in 43 point range and closed below 5250 levels. This week has seen Nifty move in 80 point range till today.Only If Nifty shows momentum below 5200 level, can a deeper cut happen , else Nifty should move above 5400 level. Monthly range is 80 points and quarterly range is 416 points till today.With only 3 weeks left in this quarter, I expect volatile action in coming days with Nifty seeing 5600/4800 levels towards end of month.
1. Nifty up by -.25% with 1.1 breadth.
2. 453rd day since the highs of 6338, 179th day since the lows of 4531.
Nifty moved in 43 point range and closed below 5250 levels. This week has seen Nifty move in 80 point range till today.Only If Nifty shows momentum below 5200 level, can a deeper cut happen , else Nifty should move above 5400 level. Monthly range is 80 points and quarterly range is 416 points till today.With only 3 weeks left in this quarter, I expect volatile action in coming days with Nifty seeing 5600/4800 levels towards end of month.
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