Nifty was sideways with moderate volumes and neutral breadth.Important points for today.
1. Nifty down by 0.75% with 0.65 breadth.
2. 482nd day since the highs of 6338, 208th day since the lows of 4531.
Nifty closed the week at about same level as last week.Range for this week was 89 points.Since last 4 weeks , Nifty is moving in about 200 point range.Medium term upmove is intact till now, since Nifty has not broken the lower levels.So if range expansion takes place on upside, it could see good move in short timeframe.Monthly range stands at 182 points.
1. Nifty down by 0.75% with 0.65 breadth.
2. 482nd day since the highs of 6338, 208th day since the lows of 4531.
Nifty closed the week at about same level as last week.Range for this week was 89 points.Since last 4 weeks , Nifty is moving in about 200 point range.Medium term upmove is intact till now, since Nifty has not broken the lower levels.So if range expansion takes place on upside, it could see good move in short timeframe.Monthly range stands at 182 points.
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