Nifty traded in a narrow range with -ve bias with moderate volumes and -ve breadth. Important points for today.
1. Nifty down by 0.90% with 0.35 breadth.
2. 475th day since the highs of 6338, 201st day since the lows of 4531.
Nifty moved in 39 point range and closed just above 5650 levels.Today was 4th day since Nifty reversed from around 5800 levels.Breadth was -ve today but the volumes were low indicating that downside in terms of price may be limited from here but Nifty may remain sideways for some more days.Monthly range today stands at 168 points and weekly range is 104 points.
1. Nifty down by 0.90% with 0.35 breadth.
2. 475th day since the highs of 6338, 201st day since the lows of 4531.
Nifty moved in 39 point range and closed just above 5650 levels.Today was 4th day since Nifty reversed from around 5800 levels.Breadth was -ve today but the volumes were low indicating that downside in terms of price may be limited from here but Nifty may remain sideways for some more days.Monthly range today stands at 168 points and weekly range is 104 points.
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